OAK PARK, Ill. - The Marine Retailers Association of America strongly supports H.R. 183, introduced by Congressman Joseph R. Pitts (R-PA), a bill which would make permanent the 10-year phased-in repeal of the Estate Tax, commonly called the Death Tax, the association reported in a statement yesterday.
In a letter to Congressman Pitts, MRAA Chairman Glen Mazzella and President Phil Keeter praised his action for advancing Estate Tax relief and called on Congress to give the Estate Tax a permanent death.
“Punitive death taxes affect too many of our members and their families at the time of their greatest loss,” wrote Keeter.
MRAA pledged to work closely with Congressman Pitts, his staff, and all supporters of permanent Estate Tax Repeal.
The association also sent a letter to Chairman William Thomas (R- CA) of the House tax writing Ways and Means Committee, supporting Pitts' bill and stating that MRAA has set permanent repeal of the Estate Tax as one of its top tax policy agenda items for this Congress.
“We want to ensure the Estate Tax can no longer lead to the demise of a small family-owned boat dealership or marina,” said Mazzella and Keeter in their letter.
“The Estate Tax is one of the most unfair taxes ever levied on the American people because the formation of the assets has already been taxed throughout lifetime of the owner,” said Mazzella. “The family should not be penalized for a well-run business that provides jobs.”
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