Call to Action: Nevada Senate Race

by Shawn Arnold - No Comments
Posted on July 19th, 2010 10:15 am

The Senate Finance Committee has taken no action on the Federal Estate Tax since it was temporarily repealed on January 1, 2010.

It appears that it is the plan of some Senators (among them Senate Majority Leader Harry Reid) to keep doing nothing, which will allow the Bush Tax Cuts expire, and as a result, the estate tax will hike to 55 percent on estates over $1 million.

One thing is clear: As long as Nevada is represented by Senator Reid, American family-owned businesses will continue to be destroyed by the estate tax.

Unfortunately, Reid is moving ahead in the polls in his campaign against Republican Sharron Angle. The latest Las Vegas Review Journal poll has him leading by seven points.

AFBI is calling on its members to spread the word that a vote for Harry Reid is a vote for keeping the estate tax, while a vote for Sharron Angle is a vote for estate repeal.

Angle has told AFBI that death tax repeal will be one of the first things she’ll work on if elected Senator. She’s even signing AFBI’s “Death Tax Repeal Pledge” at a ceremony in Reno and Las Vegas this week.

Senator Reid will never sign our pledge (although he’s been asked). But that’s no surprise. On the Senate floor, he once stated that “Nevada voters simply don’t care about the estate tax.” Plus, he has a vested interest in the return of the estate tax. He and many of his colleagues’ campaigns are financed by the life insurance industry, an industry which benefits tremendously from keeping the estate tax in play.

AFBI President Dick Patten and Director of Federal Affairs Carrie Simms will be traveling to Nevada on Wednesday and Thursday for Angle’s public Death Tax Repeal Pledge signings. You can help. Send our press release to your local media and friends and help make them aware that a vote for Reid is a vote for keeping the estate tax, but a vote for Angle is a vote for estate tax repeal.

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