Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/19/2012 | 09:09am CET

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
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news
Date Title
11:18a PUBLICIS GROUPE : Datonics Recognized as Tier-1 Vendor by Publicis Groupes Verified Program
11:18a REALPAGE : Nexus Systems Announces Certified Integration with RealPage
11:18a KOREA ELECTRIC POWER : Kepco eyes Toshiba-led British nuclear project
11:17a MALAYAN FLOUR MILLS BHD : (i) proposed renewal of shareholders' mandate for recurrent related party transactions of a revenue of trading nature ; and (ii) proposed renewal of authority for share buy-back
11:17a STANDARD CHARTERED : Overseas Regulatory Announcement
11:17a IDEAGEN : announces acquisition of PleaseTech Ltd
11:17a TITLE : Unveiling ‘The New Glen’s’ $490 million transformation
11:17a KERRY LOGISTICS NETWORK : Change of Composition of the Remuneration Committee
11:17a TITLE : John Sullivan to join Vicinity Centres as Chief Technology Officer
11:17a XAAR : aiming for 220 million
Latest news
Advertisement
Hot News 
-3.97%BASIC FIT : core earnings rise on record number of new gym openings
7.05%NEXT : Retailer Next 'extremely cautious' about year ahead
-4.48%IG : revenue falls 3.8 percent on weakness in UK, Ireland
2.40%GVC : to pay second special dividend for 2016 on favourable trading, refinancing
-4.86%TED BAKER : Retailer Ted Baker's profit rises on strong UK, Europe sales
Most Read News
04:02a Verizon, AT&T suspend ads from Google over offensive videos
04:10a NEXT : Retailer Next 'extremely cautious' about year ahead
03/22DJAT&T Pulling Ads From Google Over 'Hate' Videos -- 3rd Update
03/22DJSEARS : Stock Stumbles After Going-Concern Warning -- 3rd Update
05:10a UBS : set to charge wealthy for keeping euro savings
Most recommended articles
03/21 UK to investigate any UK banking involvement in 'Laundromat' case
06:16a Trump Tantrum looms on Wall Street if healthcare effort stalls
06:09a ZTE : China's ZTE posts fourth-quarter net loss after U.S. sanction case fine
05:49a SSE increases stake in UK Dogger Bank offshore wind development
05:45aDJADOBE INCORPORATED : How a Patent Case May Shake Up the Domination of Eastern Texas