House Holds Hearing On Estate Tax Hike
A Simple Estate Tax Collection Method Allowing Same Cash Flow to Treasury and Saves Jobs, Farms and Businesses for Americans
Americans Standing for the Simplification of the Estate Tax (ASSET) calls for a change to the current collection method. "I believe that the answer lies between the public outcry to "end the death tax" and the calls from others on the political spectrum to impose significant taxes on those who are fortunate enough to die with vast amounts of accumulated wealth," explains
This is where ASSET offers a way out. The ASSET proposal would simplify the tax system by replacing the current collection methodology and substituting as an interim measure a pay-as-you-go, revenue neutral alternative collection mechanism that will, over time, vanish thanks to the anticipated windfall of capital gains tax receipts. Additionally, the proposal will eliminate the need to shelter assets in unproductive trusts, thus unlocking those monies to help the economy, without needing support from the U.S. Treasury.
Congressman Bartlett, a senior member of the
ASSET is a coalition of private businesses, family farms, ranches and individuals founded in order to change the collection method for the Estate Tax that first stops the harm caused by job losses and business closures. For more information visit www.SimplifyEstateTax.org
SOURCE Americans Standing for the Simplification of the Estate Tax (ASSET)
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