Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

TIA - Tire Industry Association : TIA Signs On Death Tax Repeal Letter to House Speaker

07/19/2012 | 03:09am US/Eastern

Press Contacts: Mark Cook, Roy Littlefield

July 18, 2012 301-430-7280





TIA Signs on to Death Tax Repeal Letter to House Speaker





Bowie, Maryland - The Tire Industry Association (TIA) continues its strong support for the "Death Tax Repeal Permanency Act" (H.R. 1259) by joining 31 other organizations in sending a letter of support to U.S. House Speaker John Boehner.



The letter emphasizes the importance of repealing the death tax at the federal level and points out how the tide has changed and many states are now taking the lead in eliminating or mitigating estate taxes that unfairly penalize small businesses and family farms. The letter also thanks Speaker Boehner for taking "early action" to stop the currently scheduled 'taxmageddon' when the Bush era tax cuts are due to expire at the end of 2012 with the death tax rates jumping to a punitively high 55%.



"In survey, after survey, the death tax is the single biggest issue that the small business community is concerned about today. It is wrong for the government to artificially create these often insurmountable hurdles when a family is attempting to pass the business along to the next generation. Inheritance and estate taxes are jeopardizing small businesses and the jobs they provide," says Roy Littlefield, Executive Vice President of TIA.



In national surveys, nearly 70% of Americans consistently support full repeal of the death tax even in states with a Democratic majority like Oregon, where a vote is coming in November to repeal their estate tax. Polling shows the repeal winning with a 17% margin.



In addition, the TIA supported Death Tax Repeal Permanency Act has almost 218 bi-partisan cosponsors. "It would be a wrong to not hold a vote on this important opportunity to stimulate the core of America's economic engine - small business," asserted TIA President Larry Brandt.



Added TIA Government Affairs Committee Chairman Randy Groh, "TIA is proud to be a strong and long-time supporter of the death tax repeal movement. We urge all tire dealers to tell their elected representatives, both in Washington and state capitals to join the movement."



About TIA:

The Tire Industry Association, with a 90 year history representing all segments of the national and international tire industry, is the leading advocate, as well as, instructor in technical training of tire service technicians. For more information, visit www.tireindustry.org or call 800-876-8372.

# # #

distributed by
React to this article
Latest news
Date Title
05:55p PAKISTAN AIRLINES : Special fares for amnesty-seekers in Oman
05:37p As Macau casino stocks sink, long-term investors look past the abyss
05:31p SERVICE TEAM : BRIEF: English Service Team, May 3, 2015
05:25p BHP's South32 risks tough market debut, M&A talk swirls
05:24pDJBHP Models Leaner Look for Mining
05:23p WESTJET AIRLINES : What's good for WestJet is good for Gander
05:19p RYMAN HEALTHCARE : Notice of Full Year Results Announcement
05:11p TAKORADI : Police decry interference in enforcement of traffic laws
05:10p Jimmy Buffett announced as University of Miami commencement speaker
05:05p Euro Covering Rally Potential Unleashed, NFPs Only Obstacle
Latest news
Advertisement
Hot News 
EXACT : Online : App Center Provides Businesses Access to Expanding Marketplace of Third-party Apps
Entegra Financial Corp. Announces First Quarter 2015 Results; Book Value Per Share Increases to $17.08
CLEARSTAR : Supreme Court to Consider Constitutional Limits on Statutory-Damages Suits
INTERCLOUD SYSTEMS : Announces New $3 Million Professional Services Contract With Global Service Provider
LinkedIn Announces First Quarter 2015 Results
Most Read News
05/02 CACANSKA BANKA A D CACAK : Invitation to XXXIII Regular General Meeting of Shareholders
05/02 BERKSHIRE HATHAWAY : Buffett - stock prices would be high if rates were 'normal'
05/02 DISH NETWORK : The Latest: Ring walks begin
05/02 EXCLUSIVE - SIEMENS HEALTHCARE UNIT PROBED BY CHINA REGULATOR FOR BRIBERY : sources
05/02 UNIFI : Marvel Universe LIVE! and REPREVE Partner With the Boys and Girls Club of America to Promote Recycling and Eco-Awareness
Most recommended articles
05:37p As Macau casino stocks sink, long-term investors look past the abyss
05:25p BHP's South32 risks tough market debut, M&A talk swirls
05:24pDJBHP Models Leaner Look for Mining
05:05p Euro Covering Rally Potential Unleashed, NFPs Only Obstacle
05:00pDJSysco, US Foods to Face Off Against FTC at Hearing
Dynamic quotes  
ON
| OFF