News Room

Governor Bush Supports Death Tax Repeal

July 30, 1999
         WASHINGTON, DC — July 30, 1999 — The chairman of the Americans Against Unfair Family Taxation (AAUFT) and president and CEO of the Food Marketing Institute (FMI), Tim Hammonds, applauded Presidential Candidate and Texas Governor George Bush for his support of estate tax elimination. When reporters asked Bush, in Iowa last week, whether he would sign the House-passed tax bill, he replied, “I would, because it is important to cut [tax] rates to keep the economy growing. It is important to get rid of death taxes so people can pass businesses and farms from one generation to the next.”

“Governor Bush understands that the American dream should not have to end in one generation,” Hammonds said. “Repealing the current estate tax is the single most important act that Congress and the President can take to help local businesses and farms stay in the hands of the families that built them.”

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Food Marketing Institute proudly advocates on behalf of the food retail industry. FMI’s U.S. members operate nearly 40,000 retail food stores and 25,000 pharmacies, representing a combined annual sales volume of almost $770 billion. Through programs in public affairs, food safety, research, education and industry relations, FMI offers resources and provides valuable benefits to more than 1,225 food retail and wholesale member companies in the United States and around the world. FMI membership covers the spectrum of diverse venues where food is sold, including single owner grocery stores, large multi-store supermarket chains and mixed retail stores. For more information, visit www.fmi.org and for information regarding the FMI foundation, visit www.fmifoundation.org

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