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Article: NSBU Urges Congress to Use 'Common Sense' When Drafting Tax Bill
- Article from:
- U.S. Newswire
- Article date:
- July 9, 1997
CopyrightCopyright 1997 U.S. Newswire. Provided by ProQuest LLC. (Hide copyright information)
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WASHINGTON, July 9 /U.S. Newswire/ -- In a letter to Congress
today, National Small Business United (NSBU), the nation's
oldest bipartisan small-business advocacy organization, urged
congressional lawmakers to consider the needs of the majority
of tax-paying Americans by using "common sense" when drafting
the final tax bill.
In a series of issue-specific proposals, NSBU called for
congressional efforts to reshape the tax code to encourage savings
and investment.
The proposals offer a variation on both the House and Senate
versions of the tax bill. In brief, NSBU suggests the following:
ESTATE TAXES - $1 million exemption in 1998 for family business,
indexation for inflation of the unified ...