60 Plus Chairman Invokes Margaret Thatcher in Tax Debate
ALEXANDRIA, VIRGINIA (September 20, 2017) – 60 Plus Chairman and Founder James Martin today issued the following statement regarding ongoing efforts to enact a tax reform package in Congress:
“As negotiations on a tax reform plan intensify and debate over abolishing the federal Death Tax grows, Congress would do well to remember the words of former British Prime Minister Margaret Thatcher to President George H. W. Bush on the advent of the 1990 Gulf War – this is no time to go wobbly.
“We urge Congress to not go wobbly on abolishing a tax that punishes grieving family members following the death of a loved one.
“We urge Congress to not go wobbly on eradicating a tax that hurts family farms, ranches and small businesses.
“We urge Congress to not go wobbly because of the false narrative promoted by Sen. Chuck Schumer and others that this is a tax cut for the rich. That is nonsense; it’s tax relief that helps preserve small, family owned businesses that cannot afford pricy estate planning lawyers.
“We urge all policy makers to not go wobbly on eliminating a tax that hurts job creation and economic growth.
“It is vitally important that the Death Tax be formally and finally abolished, and that doing so not fall victim to the horse trading that invariably happens while negotiating complex legislation.
“The words of Iron Lady Margaret Thatcher are appropriate and worthy of recalling as Congress deliberates a tax reform package that helps the middle class and promotes economic growth. Abolishing the Death Tax is part of promoting that growth and this is no time to go wobbly on its abolition.”