CONTACT:
Dennis S. Day: (202) 383-2710
Phil Thoden: (202) 383-2764

DEMOLISH THE DEATH TAX! - Constructor Magazine Issues Special Report And Call To Action

Washington, D.C. – In a sixteen (16) page special report on the Death Tax, the June 1999 issue of CONSTRUCTOR examines the most unjust tax in America and recommends what taxpayers can do to help "Demolish the Death Tax." In continuous publication since 1919, CONSTRUCTOR is the monthly management magazine of the Associated General Contractors of America (AGC).

The IRS calls it the ‘Estate Tax,’ but we call it the Death Tax, because it is literally assessed at the time of one’s death and because it destroys the bedrock of the American economy: the family firm."

AGC President Terry Deeny, chairman and CEO of Deeny Construction Company, Inc. a third-generation family firm in Seattle

And the most anti-family tax of all is the death tax, the only part of the tax code that is specifically designed to keep you from helping your offspring.

The Wall Street Journal, April 15, 1999

Look for these compelling arguments to Demolish the Death Tax in the June 1999 issue of CONSTRUCTOR.

• 10 Reasons Why We Must Demolish the Death Tax
• AGC Answers Your Questions about the Death Tax
• Death Tax Myths
• Legislation to Demolish the Death Tax
• A Democrat’s Perspective: Representative John Tanner (D-Tenn.)
• A Republican’s Perspective: Representative Jennifer Dunn (R-Wash.)
• U.S. senators who support AGC on Demolishing the Death Tax
• U.S. representatives who support AGC on Demolishing the Death Tax
• Get your Death Tax Congressional Action Tool Kit
• Answer the Death Tax Questionnaire

The Death Tax requires heirs to pay, in cash, up to 55 percent of the value of an individual’s entire estate within nine months of death. The tax applies to all assets—most of which have already been taxed repeatedly. It is unthinkable that in a time of surplus the federal government imposes a tax that raises less than 1.4 percent of federal revenue while it devastates small business and kills jobs.

The elimination of the death tax is AGC’s number one legislative priority for the 106^th Congress. More than 80 percent of AGC’s construction company members are small businesses and more than 90 percent are closely held businesses. Families who have lived the America dream of starting and growing a successful business wind up living an American nightmare when they lose over half of their company’s assets to death taxes. Unable to pay the Death Tax, many companies close their doors. Those that survive have lost valuable resources for job creation and business growth.

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.

http://www.agc.org/   dayd@agc.org

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