Wealthy Individuals Call On Congress to Strengthen Estate Tax Before Holiday Recess

Dec 14, 2009, 07:00 ET from United for a Fair Economy

Bill Gates, Sr., Mutual Fund Founder John Bogle, Richard Rockefeller and Others to Participate in Teleconference on the Need for a Strong Estate Tax

BOSTON, Dec. 14 /PRNewswire-USNewswire/ -- As Congress prepares for the holiday recess, a group of wealthy individuals together with a national labor union, organized by United for a Fair Economy, are calling on the Senate to act before the break to strengthen the Federal Estate Tax. The tax will disappear for one year in 2010 unless Congress takes immediate action to either pass a one-year extension or a permanent estate tax. The U.S. House recently passed a bill that would permanently set the exemption level at $3.5 million per person ($7 million per couple), which would cost $234 billion over 10 years.

    WHAT         Teleconference: Need for strong Estate Tax

    WHO          William H. Gates, Sr., Co-Chair of the Bill and Melinda
                 Gates Foundation

                 John C. Bogle, founder and retired CEO of The Vanguard Group

                 Richard Rockefeller, MD, family physician, Chair of the
                 Board of Rockefeller Brothers Fund and great-grandson of
                 John D.Rockefeller

                 Anna Burger, Secretary/Treasurer of Service Employees
                 International Union (SEIU)

                 Lee Farris, Estate Tax Policy Coordinator, United for a Fair

    NUMBER       800-681-9883, Conference ID: 47047686

    WHEN         Tuesday, December 15, 11:00 am (1 hour)

SOURCE United for a Fair Economy