News

On Wednesday, the 26th, the White House outlined the President's tax plan, and the Death Tax repeal remains part of it.

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Digging into a great bowl of spaghetti to get to the meat balls involves going through a lot of noodles.  Digging into the legislative tureen means handling a great deal of a different kind of noodles -- rigmarole, procedures and people -- all of which can interfere with the meat of legislative success.
 

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Until about two years ago, I wasn't familiar with a new cable news company called One America News Network, or OANN.  They have studios in San Diego and in Washington D.C and they claim to reach "100% of all digital cable subscribers in the U.S."  I understand that many people who prefer a more realistic/conservative approach to the news are moving from Fox to OANN.

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While Obamacare repeal and replacement is at the top of the news from Capitol Hill these days, the behind the scenes debate over the shape of the tax reform bill expected later this year is going hot and heavy.  Those who know the work of the American Business Defense Council understand we are deeply concerned in the shape of that portion of the bill dealing with repeal of the Death Tax.

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Sometimes the rigmarole around the passing of a friend is more immediate than the possible incidence of the Death Tax.  I'm reminded of Winston Churchill's comment that arranging his own funeral was more difficult than defeating the Axis powers. 

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I have written before about the Nutmeg State's long-time romance with the Death Tax.  It was nine years ago last month when the Connecticut Department of Revenue Services issued a report to their Governor on the Connecticut estate tax.  The study showed that a majority of wealthier citizens leaving Connecticut did so because of the high Death Tax and that economic growth was less in Connecticut and in other states that still had their own estate taxes. 

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One of the nice aspects of having a new GOP-lead Executive Branch is that some friends are taking positions of responsibility in the new Administration.  One of my old friends who is in the White House sent me a summary of what is expected to be discussed in tomorrow's State of the Union speech by President Trump. 
 

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I came across an interesting "letter to the editor" in the February 19th edition or the Pueblo, Colorado Chieftain attacking their Senator, Cory Gardner, for supporting repeal of the Death Tax. 

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Yesterday we learned we have a new family member to help repeal the Death Tax:  The American Business Defense Foundation.  It's just one-word away from the name of our parent organization, but it means a lot.

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Peter Roskam on Tax Reform

Peter Roskam (R-IL) is Chairman of the influential Tax Policy Subcommittee of the House Ways and Means Committee and he brings great knowledge, energy and ability to his job.  He will be a key player in crafting the major tax reform package expected to be passed by the House of Representatives this year.

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