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February 13, 2001 
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Estate (Death) Taxes

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CONTACTS:
JO-ANNE PROKOPOWICZ (202) 637-3093
DOROTHY COLEMAN (202) 637-3077

FOR IMMEDIATE RELEASE

NAM COMMENDS HOUSE TAXWRITERS FOR VOTING AGAIN TO ELIMINATE THE DEATH TAX

WASHINGTON, D.C., May 25, 2000 – The National Association of Manufacturers today praised House Ways and Means members for approving a bill to phase-out the Federal estate and gift tax over the next 10 years.

"Last summer, the NAM led the business community in supporting legislation to eliminate the death tax. After a disappointing veto by President Clinton, we are back again – stronger than ever – and will not cease in our efforts to rid American manufacturers of this onerous tax until Congress passes H.R. 8 and the President signs the bill into law," said Dorothy B. Coleman, NAM’s vice president for tax policy. "We are especially pleased with the bipartisan vote today in Ways and Means and will continue efforts to ensure a strong vote on the House floor.

"More than 10,000 of our members are small and medium manufacturers so, for the NAM, elimination of the current estate and gift taxes is a top tax priority. The phase-out of the burdensome death tax will dramatically reduce the time, money and energy spent by business owners on estate planning, saving many companies that today must be sold for purely tax reasons upon the death of their founders," concluded Coleman.

Be sure to visit our award-winning web site at http://www.nam.org/ for more information about legislative, policy and economic developments affecting manufacturers, employees and the economy.

-NAM-

 
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