Dealing With the Estate Tax in a Divided Congress

WASHINGTON, Feb. 22, 2013 /PRNewswire/ -- Jack Fitzgerald, Auto Dealer and Founder of Americans Standing for the Simplification of the Estate Tax (ASSET) will host a briefing, "Killing the Death Tax While Preserving the Estate Tax" on Capitol Hill on Monday, February 25, 2013. Participants will hear more about a legislative proposal to end the harm caused by the estate tax through a change in collection methodology.  Mr. Fitzgerald will explain the ASSET legislative concept and share details of the successful grass roots outreach that ASSET has conducted in recent months on the estate tax issue.  Alex Ayers, with the Family Business Coalition, will outline the state of death tax repeal initiatives, and Will Dyess, with the University of Maryland, will offer a recent study from the Maryland Citizens Research Group based at the University on the ASSET proposal.

"ASSET seeks to change the collection methodology and bridge the divide," states Mr. Fitzgerald. 

ASSET is comprised of private businesses, farms, ranches, associations and individuals committed to finding a bipartisan solution to the devastation caused by the estate tax.  "40% is still a death sentence for many businesses and farms" said Palmer Schoening from the Family Business Coalition of which ASSET is a founding member.  "ASSET offers a bipartisan solution that preserves jobs while providing the same revenue to the government."

For more information on ASSET, visit www.SimplifyEstateTax.org

About Jack Fitzgerald:  In 1966, Jack Fitzgerald, a Washington native, opened his first dealership in Bethesda, Maryland.  Today, Jack Fitzgerald and Fitzgerald Auto Malls employ more than 1,200 people with 15 locations in three states.  Jack is known for his community support, consumer education, and grassroots activities, most notably with the Committee to Restore Dealer Rights (CRDR) for auto dealers.  In 2009, CRDR successfully secured enactment of legislation for shuttered Chrysler & GM Dealers and saving thousands of jobs.

About the Center for Freedom & Prosperity:  The Center for Freedom and Prosperity Foundation and the Center for Freedom and Prosperity seek to promote economic prosperity by advocating competitive markets and limited government. The CFP Foundation regularly sponsors and conducts discussion groups, panels, lectures and symposiums on key policy issues for the public, government leaders and other interested parties. 

SOURCE Americans Standing for the Simplification of the Estate Tax (ASSET)