Connect with us

Headlines

NRF Urges Congress to Kill Death Tax

GST-ending measure could help more family-owned retail survive

Published

on

Today, the National Retail Federation (NRF) urged the House of Representatives to pass the “Death Tax Elimination Act of 2000.” The proposal calls for a gradual decrease in the estate and gift tax rates over a 10-year period until federal estate, gift and generation-skipping transfer (GST) taxes are ultimately repealed.

“Because of the 'death tax,'” says Steve Pfister, NRF's senior vp, government relations, “70 percent of family-owned businesses do not survive the second generation, and 87 percent do not make it to the third generation.”

Repealing or significantly reducing estate taxes will make it easier for the principals in family-owned and closely held businesses to leave a viable business to their heirs or employees.”

Advertisement

FEATURED VIDEO

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design

Promoted Headlines

Most Popular