BOSTON, Dec. 14 /PRNewswire-USNewswire/ -- As Congress prepares for the holiday recess, a group of wealthy individuals together with a national labor union, organized by United for a Fair Economy, are calling on the Senate to act before the break to strengthen the Federal Estate Tax. The tax will disappear for one year in 2010 unless Congress takes immediate action to either pass a one-year extension or a permanent estate tax. The U.S. House recently passed a bill that would permanently set the exemption level at $3.5 million per person ($7 million per couple), which would cost $234 billion over 10 years.
WHAT Teleconference: Need for strong Estate Tax
WHO William H. Gates, Sr., Co-Chair of the Bill and Melinda Gates Foundation
John C. Bogle, founder and retired CEO of The Vanguard Group
Richard Rockefeller, MD, family physician, Chair of the Board of Rockefeller Brothers Fund and great-grandson of John D.Rockefeller
Anna Burger, Secretary/Treasurer of Service Employees International Union (SEIU)
Lee Farris, Estate Tax Policy Coordinator, United for a Fair Economy
CALL-IN NUMBER 800-681-9883, Conference ID: 47047686
WHEN Tuesday, December 15, 11:00 am (1 hour)
SOURCE United for a Fair Economy
An introduction to U.S. macroeconomic policy issues, such as how we use monetary and fiscal policies to promote economic growth, low unemployment, and low inflation.
Monday, December 14, 2009
Wealthy Individuals Call On Congress to Strengthen Estate Tax
The December 14, 2010 press release "Wealthy Individuals Call On Congress to Strengthen Estate Tax Before Holiday Recess" by the advocacy group United for a Fair Economy announces a teleconference in which Bill Gates,Sr. and others argue for strengthening the estate tax:
The estate tax has its pros and cons.
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