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 CEST

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
04:51a SECURITY BANK : Top Clients Tee Off at Security Bank’s 9th Annual President’s Cup
04:48a NEUSTAR : The Nomura VP Accused Of Insider Trading Really Made It Easy On The SEC
04:46a WARBA BANK : participates in AUM’s Job Fair
04:46a EDOM TECHNOLOGY : Silicon Labs- USB-to-I2S Bridge Chip Brings Turnkey Simplicity to Digital Audio Design
04:45a INSIDER TRADING ACTIVITY OPKO HEALTH INC. (NASDAQ : OPK) – CEO Bought 19,000 shares of Stock
04:41a SUMITOMO RIKO : to Exhibit at 2017 Shanghai International Motor Show
04:38aDJHome Builders Brace for Canadian Softwood Lumber Tariff Hit
04:36a America Ferrera and Maria Elena Salinas Honored at Day One of 2017 NAB Show
04:35a Canada court upholds judgment favoring oil firm creditors
04:35a SPORTSMAN WAREHOUSE : Gander Mountain said to attract Sportsman's Warehouse as buyer
Latest news
Advertisement
Hot News 
19.50%Becton Dickinson to acquire Bard for $24 billion
10.73%GENERATION HEALTHCARE REIT : Canada's NorthWest offers to buy rest of Generation Healthcare
-4.44%WHAT'S NEWS : Business & Finance -- WSJ
5.90%Hasbro profit beats on gaming demand, shares hit record high
10.86%CREDIT AGRICOLE : in talks to buy three Italian savings banks
Most Read News
06:54p T-Mobile open to merger talks, new subscribers top estimates
06:53p CANADIAN NATIONAL RAILWAY : CN Rail's revenue rises 8 pct on higher freight volumes
06:30p CANADIAN NATURAL RESOURCES : Inter Pipeline says Alberta crude oil leak came from its line
07:22p Ready for take-off? China's answer to Boeing now just needs to sell
06:32p Fresenius snaps up Akorn, Merck KGaA's biosimilars in separate deals
Most recommended articles
04/21 TWENTY FIRST CENTURY FOX : Government extends period for regulators to report on Sky-Fox merger
04/17DJABBOTT LABORATORIES : Cyber Insurance Becomes a Must for More Manufacturers
08:29pDJPETER NICHOLAS : Trump Plans To Impose Tariff On Imports of Canadian Softwood Lumber -- 2nd Update
07:24p Labor shortage a stress test for Japan's 24/7 convenience stores
07:22p Ready for take-off? China's answer to Boeing now just needs to sell