The Estate Tax in the 114th Congress
by: Jordan Silverman — ASSET WASHINGTON, D.C. – On March 25, the House Committee on Ways and Means conducted a markup session on eight bills, including the “Death Tax Repeal Act of 2015” (H.R. 1105) that was introduced by Rep. Kevin Brady (R-TX). The central focus on this markup session in particular was the estate [...]
What’s New with the Estate Tax?
by: Jordan Silverman — ASSET The estate tax has amassed an increasing amount of media attention lately. This, in large part, is due to the deaths of celebrities such as Joan Rivers and Phillip Seymour Hoffman, both of whom had amassed multimillion dollar estates that are now subject to the tax. In non-celebrity news, 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 [...]
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 [...]
Magic Bus 2013: The Baucus & Camp Tax Tour
There is a bus tour coming to a town near you. It’s not the magic bus, but in the lyrics to the song “Magic Bus” by The Who, the line most relating to tax reform is “I want it, I want it, I want it…” Americans want tax reform. ASSET members want to make sure [...]
Summary of Estate Tax References in JCT Report to Congress
Below is a summary of the estate tax references in the index of the 586 page report from the JCT to the Ways & Means Committee for the Tax Reform Working Groups. Summary Estate Tax References from Index in JCT Report to Ways & Means on Working Group Submission Index Group Summary 14 Overview of [...]
Estate Tax News: ASSET Reaches Ways & Means Working Group on Tax Reform
Washington DC – As part of Comprehensive Tax Reform, the Ways & Means Committee has formed Working Groups for various topics on tax reform. Since the estate tax is not part of any single working group, ASSET has been reaching out to the Chair and Vice Chair of several working groups to help make sure [...]
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 – [...]