09/07/2007
Small-business owners from around the country will soon descend on the nation's capital to demand the death tax be permanently repealed at the annual Death-Tax Summit, which will be held Sept. 19 in Washington, D.C.
We know you're busy running your business, but we encourage members to attend this important grassroots event if possible. While Congress has passed temporary relief from this unfair tax, it returns at its full 55 percent rate in 2011. President Bush has repeatedly called on Congress to act in the interest of the No. 1 job creator--small business--but to no avail. The elimination of the death tax is crucial to the survival of the small-business community, so take this opportunity to make your voice heard alongside hundreds of others in the nation's capital.
Participants in the death-tax summit will hear from several pro-small-business lawmakers at a luncheon, including U.S. Sens. Jon Kyl (Ariz.) and Blanche Lincoln (Ark.), and U.S. Reps. Harry Mitchell (Ariz.) and Kenny Hulshof (Mo.). NFIB and summit organizers The Seattle Times also encourage attendees to schedule meetings with their lawmakers while they're in town to discuss face-to-face how the death tax has hurt their ability to grow their business.
The death tax is one of the most destructive taxes small-business owners face, and it creates a disincentive to expand a business, create jobs, and often taxes family businesses right out of the family. Instead of hiring new employees and growing the business, the death tax forces small-business owners to pay for expensive estate planning simply to be able to keep the business in their family after their death.
There is no charge to attend the death-tax summit except for personal travel and hotel arrangements. Contact grassroots@nfib.org for more information on how to register.
