Estate Tax Debate Game Change: A New Idea
BI-PARTISAN TAX RELIEF FOR FAMILY BUSINESSES INTRODUCED IN CONGRESS The ASSET Coalition Works to Reform the Estate Tax Payment Method and Save Jobs WASHINGTON DC – September 18, 2015 – The ASSET Coalition is pleased to announce that Congressman Andy Harris (R-MD) has introduced bi-partisan legislation in the U.S. House of Representatives that will [...]
This Tax Change Could Keep Your Business Alive After Your Death
by: Diana Furchtgott-Roth — Manhattan Institute As 2014 draws to a close, many people are thinking of tax planning strategies. Some might donate to charity, others might choose to pay state taxes early. One novel idea that has just been proposed on Capitol Hill would allow people to decide when to pay estate taxes. True, [...]
The ASSET Act of 2014 (H.R. 5872) Introduced in U.S. House of Representatives
THE ASSET ACT OF 2014 (H.R. 5872) INTRODUCED IN U.S. HOUSE OF REPRESENTATIVES Jack Fitzgerald and the ASSET Coalition Work to Reform the Estate Tax WASHINGTON DC – December 12, 2014 – The ASSET Coalition is pleased to announce that yesterday, Congressman Andy Harris (R-MD) introduced legislation that will provide a new, innovative approach to [...]
Governor O’Malley in Maryland Signs Estate Tax Changes into Law
On May 15, 2014, Governor O’Malley signed a bill increasing the amount of wealth that can pass to heirs free of Maryland estate tax. Prior to the passage of this new law the applicable exclusion is $1,000,000, meaning that $1,000,000 can pass to heirs free of Maryland estate tax. After the end of 2014, the [...]
Tax Reform Act of 2014: Adding the ASSET Solution into the Mix
Washington DC – by: Jordan Silverman The House Committee on Ways and Means released their highly anticipated Tax Reform Act of 2014. The bill appears to adhere to the two main goals of all tax reform efforts; which are to (1) make the tax code more simple and fair for individuals, families [...]
ASSET CALLS ON WAYS & MEANS TO INCLUDE REFORMING ESTATE TAX
Statement of Jack Fitzgerald, ASSET Coalition 2-28-2014 WASHINGTON DC – The drafters of the proposed Tax Reform Act missed the opportunity to resolve the significant inefficiencies and economic dislocation associated with the estate tax. While the tax reform proposal may have much to offer small businesses, I am amazed that the House Ways and Means [...]
2014: Tax Reform or No Tax Reform? That is the Question
by: Jordan Silverman – ASSET To reform America’s tax code in 2014, or leave it alone for another year, that is the question – whether it’s nobler in the mind to suffer through another year of this broken system or to take up arms against a sea of troubles during a crucial election year? House [...]
Estate Tax Hearing in Maryland: Helping Small Business
Annapolis MD – Few people took notice outside of the hearing room, but the Maryland General Assembly Ways & Means Committee had a meeting this week on MD House bill 722 to help Qualified Family Owned Businesses with the estate tax. This was scheduled to gather input for the summer study requested by Chair Sheila [...]
Estate Tax News: Panel Briefing “Is the Estate Tax Dead in Comprehensive Tax Reform?”
ASSET is bringing together a panel of experts to give some perspectives on the estate tax in comprehensive tax reform. On Monday, September 30th on Capitol Hill Jack Fitzgerald of ASSET will open the panel with a few remarks followed by the president of the Tax Foundation, Scott Hodge, who will moderate a panel that [...]
Tax Reform News: Baucus, Hatch Urge Colleagues to Provide Input Including Estate Tax
Finance Leaders Take “Blank-Slate” Approach, Call for Ideas on What Expenditures to Keep and Improve in Code WASHINGTON – Senate Finance Committee Chairman Max Baucus (D-Mont.) and Ranking Member Orrin Hatch (R-Utah) proposed a “blank-slate” approach as a legislative starting point for tax reform and called on Senate colleagues to provide proposals for tax expenditures to [...]