Washington, Feb. 25 -- Congressman Ben Cline issued the following press release:
Today, Rep. Ben Cline (VA-06), introduced the No Tax on Takings Act, a bill to amend the Internal Revenue Code to spare unsuspecting property owners from paying harsh federal taxes on a sale the government compelled them to make.
"Families should never be hit with a federal tax bill after the government forces them to sell their own property," said Rep. Cline. "When eminent domain is used, property owners are already navigating a difficult process through no fault of their own. The federal government should not increase that burden by taxing a transaction into which they did not voluntarily enter. My bill delivers a simple, commonsense fix to the tax code to ...