FOR IMMEDIATE RELEASE
August 5, 1999
CONTACT:
Dennis S.
Day: (202) 383-2710
Jeff Shoaf: (202) 383-2762
Congress Demolishes The Death Tax As Part Of Overall Tax
Cut Package
Washington, D.C. – A provision to Demolish the Death
Tax is included as a part of the $792 billion tax cut
legislation, which was passed today by the House of
Representatives and is currently being considered on the
Senate floor. The Associated General Contractors of America
(AGC), who made elimination of the death tax their number one
legislative priority for the 106th Congress,
praised all members of Congress who voted for the tax cut
bill.
"The death tax is an unfair tax. It robs family-owned
businesses at the worst possible time, the death of an owner.
AGC has been working on this issue for several years, and we
want to thank the Members of Congress who voted to Demolish
the Death Tax,” said AGC Executive Vice President and CEO
Stephen E. Sandherr.
The Associated General Contractors of America is the
largest and oldest national construction trade association,
founded in 1918. AGC represents more than 33,000 firms,
including 7,500 of America’s leading general contractors, and
12,000 specialty-contracting firms. Over 14,000 service
providers and suppliers are also associated with AGC, through
a nationwide network of chapters.
The Associated General Contractors of America is the
nation’s largest and oldest construction trade association,
founded in 1918. AGC represents more than 33,000 firms,
including 7,500 of America’s leading general contractors, and
12,000 specialty-contracting firms. Over 14,000 service
providers and suppliers are also associated with AGC, through
a nationwide network of chapters.