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.
# # #
Recommend:
