In response to the first deficit reduction offer released by GOP Members of the Super Committee – an offer which included keeping the current 35 percent Federal Estate Tax rate – the American Family Business Institute’s (AFBI) President Dick Patten released the following statement:
“Republicans serving on the Super Committee cut themselves short by including Federal Estate Taxes as part of their deficit reduction plan.
“If the Super Committee were to propose estate tax repeal over keeping the current estate tax rate, they could actually raise GPD by $1 trillion more and reduce the deficit by an additional 10 percent over the 10-year budget period, according to a recent study by the American Family Business Foundation.
“Furthermore, two of the Super Committee GOP members are signers of AFBI’s ‘Death Tax Repeal Pledge’ and a majority of both Republican and Democrat members have previously supported repeal. This is not the policy recommendation America’s family businesses – the nation’s top job producers – would expect.
“Going forward, AFBI strongly urges all members of the Super Committee to recommend death tax repeal as a part of their deficit reduction plan.”
The GOP offer was reportedly rejected by Democrats.
# # #
The American Family Business Institute, www.nodeathtax.org, is a national, non-partisan organization of farmers and business owners who are committed to permanent repeal of the Death Tax.
The American Family Business Foundation focuses on questions about the federal estate tax and its impact on family businesses, farms, and the overall economy.
Aero Applicators of Sterling, CO
Briggsdale Classic Open Jackpot Show
CCTA's High Plains No Till Conference
CO FFA Association
CO FFA Foundation
Colorado 4H Foundation
Colorado Association of Wheat Growers
Colorado Beef Council
Colorado Corn
Colorado Farm Show
Colorado Preps Radio
Colorado State Fair
Cowboy Bible Church of Brush, CO
High Plains Livestock Exchange, LLC.
iHigh.com
National Western Stock Show
Pletcher Enterprises LLC
Silver Spur Trailers, a division of FARMCO, Incorporated
The Fence Post









