Washington (June 10, 2002) -- The United States Chamber of Commerce applauded House lawmakers for permanently repealing the death tax and called on the Senate to follow suit. The Chamber has long pushed for a full repeal of the estate tax - preserving the livelihood of many small business owners, protecting the jobs of their workers and looking out for the interests of local communities without a substantial revenue loss to the federal government.
"It is high time Congress stopped the long arm of the IRS from reaching beyond the grave," said Thomas Donohue, Chamber President and chief executive. "This is a victory for business owners, farmers, and families who have faced an additional 55 percent tax on their assets."
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access