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Helping small and family business is a top priority on Capitol Hill and many believe Congress can start by permanently repealing the "death tax."
Small businesses have temporary relief from the estate tax through The Economic Growth and Tax Relief Reconciliation Act of 2001 (HR1836). Still, 33 percent of the Alliance for Affordable Services members surveyed feel that the best thing Congress can do for small businesses is permanently repeal the tax, currently scheduled to be reinstated in 2011.
Meanwhile, the Alliance also believes that Congressional action on other issues would boost small-business economic growth:
• 23 percent said increasing tax deductions such as home office and business equipment would be helpful.
• 23 percent would like to see Small Business Administration loan programs strengthened.
• 15 percent want more tax incentives.
• Six percent said lower interest rates would be effective.
The mission of the Alliance for Affordable Services is to enhance the quality of life for American families that embrace the ideals and philosophy of entrepreneurship. In addition, the Alliance advocates for fair and equitable laws for this vital sector of the economy. For more information, call 1-800-733-2242 or visit www.affordableservices.org.
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