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 [...]
The Gangs’ All Here
Secret meetings of lawmakers are a staple in Washington. The latest to occur is the reconvening of the “Gang of 6” with two new additional members in Mount Vernon for the next three days, forming the all new “Gang of 8.” The original Gang of Six included Senators Mark Warner (D-VA), Kent Conrad (D-ND) and [...]
ASSET in the News
I recently made a television appearance on “Let’s Talk Live”where I shared how a vital part of ASSET is to save the jobs created by private farms and businesses that are in jeopardy each year because of the Estate Tax. 22,000 Farms, 14,000 Real Estate Partnerships, and 29,000 Privately-held Corporations[1] will be susceptible to the [...]
ASSET in the News: ASSET Explains Why Many American Workers Are At Risk
Jack Fitzgerald, ASSET founder appeared on News Channel 8 “Let’s Talk Live” to talk about how the estate tax threatens many workers who work for private businesses. Since fortune 500 companies don’t pay an estate tax, those workers are never at risk if the CEO or Chairman suddenly dies. The estate tax threatens the medium [...]
Post Super Committee: What’s Next for Estate Tax?
With the Super Committee now beyond the deadline and unable to reach an agreement, the estate or “death” tax remains a threat to increase at the end of this Congress beginning January 2013. In fact, one Congressman on Ways & Means has introduced legislation NOW to change the estate tax back to 55% and only [...]