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FLA Amongst 132 Organizations Pushing for Death Tax Repeal Act
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On Tuesday January 25th a letter written by the Family Business Coalition and signed by 132 different trade associations, including the Forest Landowners Association (FLA),  was sent to Senator John Thune (R-SD) and Congresswoman Kristi Noem (R-SD) in support of their Death Take Repeal Act of 2017. The letter thanked the senator and congresswoman for their bill saying, “The negative effects of the estate tax make permanent repeal the only solution for family businesses and farms. Your legislation will help America’s family businesses create jobs, expand operations, and grow the economy.”

The FLA has been a longtime supporter of the full and permanent elimination of the Death Tax, known formally as the Federal Estate Tax. “The Federal Estate Tax has been on our radar for a long time,” said FLA President Scott Jones. “The simple truth is that this is a particularly damaging tax policy for our members. In many instances, this tax can lead to untimely timber harvests or even worse, a land sale.”

The Federal Estate Tax continues to be a priority for associations and trade groups that represent family owned businesses who point to the tax as an undue burden and constraint on the small businesses so vital to the nation’s economy. The letter from the Family Business Coalition highlights broad support for the repeal of the tax and joining the FLA as signatories are the National Lumber and Building Material Dealers Association, the National Council of Farmer Cooperatives, the National Association of Home Builders, the Printing Industries of America and many, many more.

“Our board and membership have been clear on this issue for a long time,” said Jones. “The Death Tax undermines some of the fundamental principles this nation was founded upon including hard work, prudent saving and fairness. Anyone who champions the cause of repeal will have our full support.”

The full body of the letter authored by the Family Business Coalition and signed by the FLA amongst others can be found here.

 

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