Support Family Businesses; Repeal Estate Tax
Businesses; Repeal Estate Tax
Repeal Act Reaches 221 Cosponsors in House
WASHINGTON, D.C., June 18,
2014 — Family
Business Estate Tax Coalition
Co-Chair Matt Turkstra made the following statement in response to today’s announcement
that H.R. 2429, The Death Tax Repeal Act of 2013, added
a 221st cosponsor:
“Opposition to the destructive federal estate tax continues
to grow and we are pleased to see strong, bipartisan support for its repeal,” said Turkstra. “It is clear that the estate tax
is an ongoing burden for family owned farms and businesses, requiring planning
and preparation – regardless if the tax is ever collected. With the majority of
the House of Representatives now declaring their support for ending this
punitive tax, we hope Congress will move quickly to protect family businesses.”
The Family Business Estate Tax Coalition continues to
advocate passage of S.
1183 and H.R.
2429: Death Tax Repeal Act of 2013.
The Family Business Estate Tax Coalition (FBETC) is a
grassroots coalition of over 50 national family-owned business organizations
dedicated to the full, permanent repeal of the estate tax.