Urge Support of H.R. 8 to End the Death Tax!
As you may know, the Libertarian Party is involved in a coalition striving to end the confiscatory death tax. The death tax (a.k.a. inheritance tax) has long been recognized as a significant threat to family-owned businesses and farms and is an unjust tax that effects all families by taking up to 50% of an individual's savings that should be passed down to his or her family.
The U.S. House of Representatives on April 13, 2005 approved legislation (H.R. 8) that would completely eliminate the death tax beginning in 2011. This bill is now on its way to the U.S. Senate.
Democrat and Republican leaders in the Senate hope to reach a compromise that will help H.R. 8 get through the Senate this summer. But this compromise could jeopardize the value of the bill, undermining its purpose. We support passage of the bill in its unaltered form, and we don't think it is necessary to compromise the language in order to get it approved.
Make no mistake; this is the closest we have been to ending this un-American government tax. In order to ensure its final demise, your support is urgently required.
PLEASE CALL, WRITE, AND E-MAIL YOUR U.S. SENATORS ABOUT THIS ISSUE AND URGE THEM TO PASS H.R. 8 IN ITS UNALTERED FORM.
(See the Senate Contact Page: http://www.senate.gov/general/contact_information/senators_cfm.cfm)
And once you've taken action yourself, please forward this e-mail to your family and friends, explaining the importance of this bill and asking them to get involved.
This is a hotly contested bill and just a few votes in the Senate could save billions for American families and would bring us one step closer to achieving true freedom within our own nation. Our government must stop penalizing people for managing to save money and build businesses during their lifetimes. Take action today!
For more information on the death tax, please see the following article:
Richard C. Randall
Libertarian Party of Colorado