AIADA Supports House, Senate Proposals to Permanently Repeal Death Tax

    WASHINGTON, Jan. 21 The American International Automobile
Dealers Association (AIADA) strongly supports efforts in Congress to
permanently repeal the death tax. In the House, Reps. Jennifer Dunn (R-WA) and
Bud Cramer (D-AL) crafted a bill, which will eliminate the death tax in 2010.
On the Senate side, Sen. Jon Kyl (R-AZ) introduced similar legislation to
fully repeal the tax and push up the phase out date to 2005.
    "We look forward to working with lawmakers to protect America's small-
business auto retailer, who plays a key role in sustaining the nation's
economy," said AIADA Chairman Jamie Auffenberg. "AIADA strongly supports the
permanent elimination of the federal death tax and encourages Congress to
repeal this onerous tax once and for all."
    The landmark tax relief package enacted on June 7, 2001, includes broad-
based income tax cuts for individual businesses and the elimination of the
estate tax, also known as the "death tax." Because of arcane congressional
budget rules all of the tax cuts in the new law will "sunset" in 2011. Thus,
the death tax will be reinstated only one year after it is repealed. The
temporary nature of the death tax repeal provisions has created numerous
problems and uncertainty for family-owned businesses.

    About AIADA
    AIADA is the lobbying and communications force in Washington, D.C. for the
10,000 American automobile dealerships that sell and service international
nameplate brands Acura, Aston Martin, Audi, Bentley, BMW, Ferrari, Honda,
Hyundai, Infiniti, Isuzu, Jaguar, Kia, Land Rover, Lexus, Maserati, Mazda,
Mercedes, MINI, Mitsubishi, Nissan, Porsche, Rolls Royce, Saab, Subaru,
Suzuki, Toyota, Volkswagen and Volvo.  These retailers have a positive
economic impact both nationally and in the local communities they serve,
providing for nearly 420,000 American jobs. Visit AIADA online at
http://www.aiada.org .