January 18, 2006 The Honorable George W. Bush
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January 18, 2006 The Honorable George W. Bush The President The White House Washington, D.C. 20504 Dear Mr. President: On behalf of the Family Business Estate Tax Coalition (FBETC), thank you once again for your strong and continuing support of death tax repeal. As you put together your fiscal 2007 budget plan, we strongly urge you to once more include a provision to permanently eliminate this onerous tax. Permanent repeal of the burdensome death tax will dramatically reduce the time, money and energy spent by family business owners on estate planning and will preserve and expand employment opportunities. As you are aware, it is well documented that imposition of the death tax, at rates that can reach as high as 46 percent, forces business owners to sell or break up active businesses that are essential to the health of local economies. We are very concerned about the temporary nature of the death tax repeal provisions in current law. Because of the so-called “sunset provision” in the law, the death tax will be fully repealed only for one year, in 2010. Unless the law is changed, a tax at death will be reinstated in 2011, once again forcing many families to sell or break up the business when an owner dies. Moreover, the temporary provisions further complicate an already overly-complex tax code. The uncertainty surrounding repeal requires business owners to continue with estate-planning strategies that are costly, cumbersome and time consuming. If business owners are permitted to operate with the assurance that the death tax will be permanently repealed, resources currently allocated to mitigating the death tax can be reinvested into expanding the businesses, thus shoring up job opportunities and providing a much-needed stimulus to local economies. Repeal of the death tax is critically important to the future of America’s family businesses, farms and ranches and the people they employ. The FBETC applauds your continued support for permanent repeal and we look forward to working with you to ensure that this much-needed tax relief is permanently locked into place. Sincerely, The Family Business Estate Tax Coalition Air Conditioning Contractors of America American Family Business Institute American Farm Bureau Federation American Forest & Paper Association American Hotel & Lodging Association American International Automobile Dealers Association American Wholesale Marketers Association Associated Builders & Contractors Associated General Contractors of America AMT- The Association for Manufacturing Technology Association of Equipment Manufacturers Automotive Aftermarket Industry Association Communicating For Agriculture and the Self-Employed Financial Executives International Food Marketing Institute Independent Community Bankers of America Independent Insurance Agents of America International Council of Shopping Centers International Foodservice Distributors Association International Franchise Association National Association of Convenience Stores National Association of Home Builders National Association of Manufacturers National Association of Plumbing-Heating-Cooling Contractors National Association of Realtors National Association of Wholesaler-Distributors National Automobile Dealers Association National Beer Wholesalers Association National Black Chamber of Commerce National Cattlemen’s Beef Association National Electrical Contractors Association National Federation of Independent Business National Funeral Directors Association National Grocers Association National Lumber and Building Material Dealers Association National Newspaper Association National Restaurant Association National Roofing Contractors Association National Small Business Association National Telecommunications Cooperative Association National Tooling & Machining Association National Utility Contractors Association Newspaper Association of America Northwest Woodland Owners Council OPASTCO
Policy & Taxation Group Printing Industries of America/GATF Rock Hill Telephone Company Society of American Florists Sunrise Research The USTelecom Association Tire Industry Association U.S. Business & Industry Council U.S. Chamber of Commerce WineAmerica Wine and Spirits Wholesalers of America Wine Institute Women Impacting Public Policy
The Honorable Joshua B. Bolten, Director, Office of Management and Budget The Honorable Jon Kyl, United States Senator The Honorable Kenny Hulshof, Member of Congress The Honorable Allan Hubbard, Director of the National Economic Council Mr. Karl Rove, Senior Advisor to the President Mr. Keith Hennessey, Deputy Assistant to the President for Economic Policy and Deputy Director of the National Economic Council Mr. Eric Solomon, Acting Deputy Assistant Secretary for Tax Policy Ms. Becky Relic, Deputy Assistant Secretary for Public Liaison, Business Development and Strategic Planning Directory: sites -> default -> files -> ek-docs -> html page files -> Northern England’s set-jetting locations files -> Nstructions for Acquiring Excess Equipment online, through the 1033 Program files -> Occupational health and safety files -> The Black Panther Party’s Ten Point Program files -> International programs roel profile files -> Fermi Questions a guide for Teachers, Students, and Event Supervisors Lloyd Abrams, Ph. D. DuPont Company, cr&D/ccas experimental Station Wilmington, de 19880 files -> Personal Information Name: Maha Al-Ammari Nationality: Saudi Relationship Status html page -> A & ccess the Coalition Supporting Through Association Health Plans choice Download 8.83 Kb. Share with your friends:
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