“We are especially pleased by President Bush’s pledge to drive the final stake into the death tax by making it permanent. As it stands now, the tax is scheduled to be resurrected in 2011. Because of this uncertainty, family businesses all together must continue to pay billions of dollars each year for estate planning and special life insurance to pay taxes when the owner dies.
“With permanent repeal assured, family-owned businesses could spend those billions now on jobs, innovation and support for communities nationwide.
“The best way that the government can stimulate and sustain economic growth, as President Bush clearly recognizes, is to create an environment in which small businesses can flourish.”
Food Marketing Institute (FMI) conducts programs in public affairs, food safety, research, education and industry relations on behalf of its nearly 1,250 food retail and wholesale member companies in the United States and around the world. FMI’s U.S. members operate more than 25,000 retail food stores and almost 22,000 pharmacies with a combined annual sales volume of nearly $650 billion. FMI’s retail membership is composed of large multi-store chains, regional firms and independent operators. Its international membership includes 126 companies from more than 65 countries. FMI’s nearly 330 associate members include the supplier partners of its retail and wholesale members.
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