Estate Tax Supporters Convene in DC to Lobby Congress

FOR IMMEDIATE RELEASE

March 11, 2008

Estate Tax Supporters Convene in DC to Lobby Congress


BOSTON -- As efforts to preserve the federal estate tax continue in 2008, estate tax supporters from across the country will come together for an estate tax briefing to be held during the Take Back America conference, followed by a day of Capitol Hill visits to lobby Congressional representatives and senators from their home districts. The estate tax is scheduled to disappear for one year on January 1, 2010; the flow of revenue it generates, estimated at $20 billion per year, will also be suspended.


The Estate Tax Lobby Day will bring together new and long-time supporters, who aim to cancel the one-year repeal and amend the current law to meet 21st century needs. The estate tax was established in 1916. Under 2008 law, all estates are exempt from the tax, except those that exceed $4 million per couple or $2 million per individual. Estates are taxed only on amounts over that limit. Only 0.27% of all estates are expected to pay the tax in 2008.

The Estate Tax Briefing and Lobby Day is co-sponsored by the Institute for Policy Studies, Responsible Wealth, United for a Fair Economy, Fair Economy Action Fund, and Business for Shared Prosperity.

Experts are available for commentary and interview.

WHAT:
Estate Tax Briefing and Lobby Day

WHO:
Lee Farris, Senior Organizer on Estate Tax Policy, United for a Fair Economy

Chuck Collins, Senior Fellow, Institute for Policy Studies

Members of Responsible Wealth

WHEN:
March 18-19, 2008

WHERE:
Omni Shoreham Hotel and Capitol Hill, Washington DC

WHY:
Measures to reduce the estate tax rate and raise the ceiling on who pays are underway in Congress. Members and friends of Responsible Wealth are gathering in Washington, DC to lobby their congressional representatives in support of a fair estate tax.

The Institute for Policy Studies is an independent center for progressive research and education in Washington, DC. United for a Fair Economy is a national organization based in Boston that spotlights growing economic inequality. Responsible Wealth is a network of business people, investors and affluent individuals using their voices to promote widely shared prosperity.

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