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Thursday, June 24, 2004
Business Owner Petition to Preserve a Responsible Estate Tax
Responsible Weath is organizing a petition of business owners to preserve a responsible estate tax...
BUSINESS OWNERS FOR A RESPONSIBLE ESTATE TAX
Sign-On Statement
We, as owners of America's small and mid-sized businesses, believe the
repeal of the federal estate tax would be bad for our businesses, our
communities, and our nation.
America's investment in publicly funded infrastructure provides the
foundation for our success. For example, our public schools provide us with
an educated pool of employees. Emergency services protect our property and
our customers. Courts defend our contracts and settle disputes.
As the ones who work hard to make our businesses successful, we object to
being used as "poster children" for a tax break that would not help most of
us, but would instead give nearly $1 trillion to America's richest families
over the next two decades. By moderating ever-larger concentrations of
wealth and economic clout, the estate tax helps make small businesses more
competitive, which is essential to our nation's economic growth and
security.
We support reform of the estate tax to reduce its effect on some small and
medium sized businesses. This includes raising the exemption level, and
simplifying and extending the special protections that already apply to
estates with significant small business and family farm assets. Most of us
will not have to pay the estate tax if the exemptions are set at a
reasonable level. Those of us who have estates above that level believe
paying the estate tax is a fair way to ensure that future generations will,
like us, have the opportunity to succeed in a competitive and healthy
America.
- PROTECT SMALL BUSINESSES
- LET AMERICANS PLAN WITH CERTAINTY
- REWARD THE AMERICAN ETHIC OF HARD WORK
- MAKE THE ESTATE TAX FAIR FOR ALL AMERICANS
Sign the Business Owners Statement at ipetitions:
http://www.ipetitions.com/campaigns/Business_Owner_Estate_Tax/
Posted by John S. Irons
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