March 17, 2010
By Adam Nicholson
CAPITOL HILL ALERT: Death Tax legislation next month!
Newsweek reports that the Ways and Means committee will likely markup (draft, debate, amend, and report to the House floor) an estate tax bill after the Easter Recess. You can read more about the committee’s plans, here.
A committee markup does not necessarily mean that the House...
March 16, 2010
By Shawn Arnold
Often times, Death Tax repeal is said to be a Republican idea. In a very generalized description, the Republican Party is the party of tax cuts and a smaller government presence and the Democratic Party is the party of higher taxes and a larger government presence. AFBI is a non-partisan organization, so we take no organizational stance...
March 15, 2010
By Adam Nicholson
Time for Facts: The Death Tax’s Impact on Small BusinessSurprise, surprise.As support wanes for a retroactive death tax, the proponents of small business confiscation have rehashed some of their old distortions.One of their favorites is the straw man claim – most recently revived by Bill Scher at the Campaign for America’s Future – that only...
March 12, 2010
By Adam Nicholson
The New York Times reports that state estate taxes continue to wreak havoc in 20 states.
State governors in these 20 states may want to talk to the former treasurer from Connecticut.In 2008, the Connecticut Department of Revenue commissioned a study which found that Connecticut’s estate tax drove its wealthiest citizens out by the droves. In...