[GreenKeys] Death Tax

[Dan Beach]

Besides being very misleading, the "death tax information" does not belong
on this list.
This list has been great about staying "on topic". I hope it stays that way.
Dan Beach 
 

Date: Tue, 26 Jul 2005 14:08:25 -0500
From: Don Robert House <drhouse at nadcomm.com>
Subject: [GreenKeys] Important: Death Tax Update
To: Teletype Friends <greenkeys at mailman.qth.net>
Message-ID: <EEB5068A-1CC0-4EED-A8B7-F8FD0B019B8D at nadcomm.com>
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> Important information from Bob Liddy
>
> NOTE: For more info on this confiscatory tax that is ruining Family 
> Farms
>            and Family Businesses go to http://www.deathtax.com   
> Generally, anyone's
>            estate over $650,000 would pay 55% taxes on that excess.  
> And, that
>            would be on ALL assets - cash, personal property, land, 
> machinery,
>            inventory, receivables, etc.  This has been a disaster for 
> small private
>            businesses and farms. -BL
>
> Subject: Death Tax Update
> Date: Tue, 26 Jul 2005
>
> Death Tax Update
>
>          FMI has moved to delay, until the chance of success is 
> greater, the announced July vote to repeal the death tax.  We have 
> done this because we are concerned that supporters of full repeal are 
> not
> ready for this vote seriously jeopardizing our chances of success.   
> Let
> me explain.
>
>          Last week we alerted you to an effort by Senator Kyl (R-
> AZ) to
> force a compromise or a vote on complete repeal of the death tax.  We 
> asked you to contact your Senators to urge total repeal and, if that 
> was impossible, to insist on negotiating an acceptable compromise that 
> would provide the maximum relief possible.
>
>          Since then, we became very concerned that the Senate push for 
> full repeal was not being well coordinated with either the White House 
> or the business community.  Unless all the supporters of repeal work 
> together to find the 60 votes needed to overcome a filibuster, we will 
> fail and miss an historic opportunity to eliminate this unfair tax.
>
>          This triggered an effort on our part to make sure that, if 
> there is a vote in the Senate, it is at a time when we can guarantee a 
> maximum, coordinated effort on behalf of ALL of the supporters of 
> complete repeal.  Consequently, both the White House and the Tax 
> Reform Coalition, of which FMI is a management committee member, have 
> notified Senator Kyl and the Congressional Leadership that they are 
> opposed to a showdown vote before they can properly orchestrate 
> outside support.
>
>         FMI believes that the President is fully committed to repeal.
> He is currently focused on a number of important domestic and 
> international issues and simply doesn't have the time to actively push 
> Senators to vote for repeal.  Hopefully, this will change in t! he 
> near future and ALL the supporters of full repeal will be able to move 
> forward together.  When that happens, FMI will be fully engaged and 
> will ask for all of its members to do everything they can to win this 
> historic vote.
>
>          Following is a letter the Tax Coalition sent to Senator
> Frist:
>
>
> Tax Relief Coalition
>
> 1725 K Street, N.W., Suite 300, Washington, DC  20006
>
> TEL: 202-872-0885  w   FAX: 202-296-5940
>
> July 20, 2005
>
> The Honorable Bill Frist
>
> Senate Majority Leader
>
> S-230 Capitol Building
>
> Washington, DC  20510
>
> Dear Leader:
>
> On behalf of the more-than-1,000 members of the Tax Relief Coalition
> (TRC), representing more than 1.8 million employers, we are writing to
> reiterate the Coalition's continued strong support for full repeal of
> the death tax.  Repeal of the death tax has long been a top  
> priority for
> the small business community, and thousands of small businesses worked
> energetically for enactment of the tax relief act in 2001 because  
> death
> tax repeal was included in that bill.  Few small business owners
> understand arcane Reconciliation rules which prevented permanent  
> repeal;
> many believe they were misled upon learning repeal would last only one
> year and worse, that the tax would recur the following year as if  
> it had
> never been addressed.
>
> TRC members very much appreciate the effort and promise of the Senate
> Republican leadership to bring repeal legislation to the floor.  The
> small business community is again prepared to actively engage in the
> fight for repeal.  While we understand that scheduling floor votes in
> the Senate is an uncertain art at best, we would very greatly  
> appreciate
> knowing as far in advance as possible when floor consideration might
> occur so that we can ensure the maximum level of participation from  
> our
> small business members so that Senators are aware of the i!  
> ntensity on
> this issue from their constituents.
>
> Moreover, we have read reports of negotiations toward reaching a
> compromise on this issue, and would urge you on behalf of the millions
> of small businesses in each state across America to take the fight for
> full repeal to the Senate floor.  We believe that the death tax is
> inherently and conceptually flawed tax policy, and not an issue on  
> which
> compromise should be sought.  At minimum, we believe it would be a
> serious mistake, and exceptionally difficult to again explain to small
> business, if a compromise is advanced without first giving the small
> business community the opportunity to actively put their resources to
> the task of delivering the votes for full repeal.
>
> Again, we appreciate your support for repeal, and look forward to the
> opportunity to work with you toward achieving our shared objective.