Washington (August 16, 1999) — "The estate (death) tax is an attack on the American Dream and does more harm to the nation's economy than is justified by miniscule amount of revenue it collects." So argues National Center for Policy Analysis Senior Fellow Bruce Bartlett in a new report to be released at a press conference Wednesday, at the National Press Club.
The report uses a cost-benefit analysis to show how the federal government's least significant revenue source — 1.3% of total federal tax revenues in 1998 — puts many small businesses' survival in jeopardy and is increasingly becoming an attack on middle-class saving and investment.
WHO: Bruce Bartlett, National Center for Policy Analysis
Martin Regalia, U.S. Chamber of Commerce
Ken Wertz, Pricewaterhousecoopers
Dorthy Coleman, Elwyn Darden , Nat. Assoc. of Manufactures
Pat Wolff, American Farm Bureau Federation
WHAT: Press Conference To Release "Why Death Taxes Should Be Abolished"
WHEN: Wednesday, August 18, 1999, 9:30 AM EDT
WHERE: Lisagor Room at the National Press Club, 529 14th Street, N.W.,Washington, DC
The press conference will cover the new NCPA report, as well as presentations from invited representatives on the death tax's effects on small business, farms and ranches and on capital formation.