NU Online News Service, March 19, 2:39 p.m. — Washington
President Bush is again calling on Congress to permanently repeal the estate tax.
During a speech yesterday in Missouri, the president identified estate tax repeal as one of several tax initiatives he intends to pursue to revitalize small businesses.
The estate tax, which President Bush calls the “death tax,” makes it very difficult for small business owners to make the decision of who gets to own the businesses.
The death tax, he said, causes the heirs of a small business owner to liquidate the assets that have been built up over a lifetime.