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Rep. Charles Sargent honored for work on death, gift taxes

State Rep. Charles Sargent has been awarded by two organizations for his dedication to limited government and lower taxes. Sargent has been named the “2012 Friend of Business” by the Nashville Area Chamber of Commerce, and is also the 2012 recipient of the American Family Business Institute’s “Champion of American Family Business.”

The honors are awarded for his work in a year in which Tennessee saw the gift tax completely repealed, and a phase out of the death tax occurred. Sargent, who also serves as chairman of the powerful House Finance, Ways and Means Committee, made the two initiatives a priority during the 2012 legislative session.

“I pledged to do my part to ensure that Tennessee is the most business-friendly, economically prosperous state in the nation,” said Rep. Sargent. “Both of these measures were a very crucial step in bolstering the state’s ability to say that we are open for business.”

All together, taxes repealed by the 2012 Tennessee General Assembly and championed by Sargent represented nearly $100 million in savings for Tennesseans.

“With both the gift and death taxes, we knew Tennesseans have already been taxed on that money—they should not have to be taxed a second time,” said Sargent. “I was honored to usher both through the House, and I truly consider it an honor to be recognized by these excellent organizations dedicated to lower taxes and more freedom,” he concluded.

Posted on: 1/9/2013

 
 

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