On the Hill: Estate Tax in a Divided Congress…the Possible
Washington DC – Jack Fitzgerald, business owner and founder of Americans Standing for the Simplification of the Estate tax kicked off a legislative education series for the Center for Freedom and Prosperity for the 113thCongress by leading a briefing on Capitol Hill today about the ASSET solution to the estate tax. “Leave it to [...]
ASSET Estate Tax Issue Brief
Estate Tax ASSET Issue Brief Handout 2-22-13 rev b ASSET proposes a change in the estate tax collection method that preserves jobs and harnesses private capital while maintaining revenue neutrality. Issue Find a way for the Treasury to collect the same revenue generated through the estate tax without continuing the status quo, in which Americans [...]
DEALING WITH THE ESTATE TAX IN A DIVIDED CONGRESS
Jack Fitzgerald of ASSET to Brief Congressional Staff with the ASSET Solution Washington, DC – February 22, 2013 Jack Fitzgerald, Auto Dealer and Founder of Americans Standing for the Simplification of the Estate Tax (ASSET) will host a briefing, “Killing the Death Tax While Preserving the Estate Tax” on Capitol Hill on Monday, February 25, [...]
IRS Demands Bank of America, Ford, McDonalds Pay 40% Estate Tax
Imagine…Bank of America, Ford Motor Company and McDonalds forced to pay 40% of their value in estate tax every 40 or 50 years. The army of lobbyists that would show up on the steps of the U.S. Capitol. The outrage American people would have at our government collecting such a tax from companies just because enough time [...]
Estate Tax: What just happened at the fiscal cliff and how does ASSET fit in?
At the 12th hour, not even the 11th, Congress passed and the President signed HR8, the Taxpayer Relief Act that effectively raised the estate tax to a rate of 40% and kept the exemption level of $5 million but indexed it. Small business and farms are OK then, right? Not really. Death is not an economic event. [...]
Washington Post Opinion Piece on Estate Tax…Making the Case for ASSET?
The Washington Post published an editorial piece titled “Democratic Senators take issue with the estate tax” on 12/11/2012 and ASSET could not agree more that now is the time to change the estate tax. But even under the Administration’s plan, we can correct the course of action that the estate tax makes where very rich [...]
Chairman Camp Congratulates New Republicans on Ways & Means Committee
Four new members selected for 113th Congress Friday, November 30, 2012 Washington, DC – Ways and Means Chairman Dave Camp (R-MI) issued the following statement today congratulating and welcoming the new Republican Members of the Ways and Means Committee: “The Members joining our Committee will bring valuable experience, expertise and energy to the Committee – [...]
Cliff Diving? A Life Preserver Preserver For Congress on Estate Tax
Unlike the famous La Quebrada Cliff Divers in Acapulco Mexico who choose to dive forty meters headfirst into raging ocean tides with a depth of between six and twelve feet, small businesses and farms are being forced, if not pushed, off a financial cliff that was never intended. The stories I read daily about the [...]
Don’t Leave Just Yet, Congress
In many respects Washington is a company town, but the company in this town is the U.S. Government, and in particular, the Congress. We are all so tired of the advertisements by the potential employees of the company, our elected officials. Personally I am looking forward to hearing more commercials about side effects from prescription [...]
Coalition Leader Encourages Senate Gang of 8 to Adopt “ASSET Plan” on Estate Tax Reform
October 9, 2012 – The bipartisan group of eight Senators known as the “Gang of 8” is meeting this week in Mount Vernon with hopes to create a plan to prevent the federal government from plunging over the so-called fiscal cliff, which includes the expiration of Bush-era tax cuts and the severe automatic cuts to [...]