Letter Supporting the "Tax Collection Responsibility Act of 2007"
October 10, 2007
TO THE MEMBERS OF THE U.S. HOUSE OF REPRESENTATIVES:
The U.S. Chamber of Commerce, the world's largest business federation representing more than three million businesses and organizations of every size, sector, and region, supports the motion to recommit H.R. 3056, the "Tax Collection Responsibility Act of 2007," with instructions to the Committee on Ways and Means to include a provision to provide a permanent repeal of the death tax.
More than 96 percent of the Chamber's members are small businesses with fewer than 100 employees. Current law, which only temporarily repeals the death tax, makes estate planning very difficult and expensive for Chamber members. A permanent repeal of the death tax, would allow needed certainty to small businesses planning for the future. Moreover, resources now being used for planning or paying the death tax could be used to create jobs and expand the business.
The Chamber strongly urges Congress to provide a permanent solution to the death tax. The Chamber may consider votes on, or in relation to, this issue— including a motion to recommit— in our annual How They Voted scorecard.
R. Bruce Josten