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WASHINGTON, Feb. 17 (UPI) -- The U.S. Chamber of Commerce Thursday urged Congress to permanently repeal the death tax to help small-business owners, their employees and communities.
The death tax repeal, which is being phased in through 2010, is set to expire in 2011.
"Small-business owners need certainty when they make decisions about the future of their business," said Bruce Josten, chamber executive vice president. "These decisions should be made with the best interest of the business in mind, not to avoid a repugnant tax or the prospect that once it's phased out, it could come back. Therefore, we urge Congress to act quickly to permanently repeal the death tax."
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