Act Now for Permanent Estate Tax Repeal (CT)
Senate Majority Leader Frist scheduled a vote on the permanent repeal of the Estate Tax for the week of July 29. The purpose of the vote is to determine how close the Senate is to gaining full support for the Estate Tax repeal. The results of the vote will be used to either push for full Estate Tax repeal, or to negotiate a deal which lowers the Estate Tax and exempts more estates from taxation.

The House of Representatives passed Estate Tax repeal legislation in April.

1. Please fax a copy of the letter below to your two U.S. Senators.
2. Please fax a copy to Rita Ferris at 518.286.1949, or e-mail a copy to rferris@nrla.org.
Rita will send a copy to the National Lumber and Building Material Dealers Association (NLBMDA).
3. Thank you.

July 27, 2005

The Honorable Christopher Dodd
United States Senate
Washington, D.C. 20510
VIA FAX: 202-224-1083

The Honorable Joseph Lieberman
United States Senate
Washington, D.C. 20510
VIA FAX: 202-224-9750

Dear Senators Dodd and Lieberman:

I am writing to urge you to support the Death Tax Repeal Permanency Act (H.R. 8) passed by the House of Representatives earlier this year.

The death tax is of grave concern to small businesses, which incur most of the cost of the death tax even before the tax itself is levied, due to the legal expenses of planning for the future tax burden. The death tax is particularly damaging to building material suppliers due to the asset-heavy nature of our industry, and greatly inhibits the ability of family-owned businesses to survive and compete in the marketplace. Much time and money is spent on Estate Tax planning, which could otherwise be invested in growing the business and hiring additional employees. Congress recognized the importance of repealing the death tax in 2001; but the current repeal expires in 2011. It is important that the death tax be repealed in its entirety as so-called “reforms” only add to the difficulty building material suppliers face in planning for the future of their companies.

I urge you to support making permanent this important protection for family-owned businesses.
Thank you for your consideration.

Sincerely,

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