“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 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.
More Events
More Publications
» Facts & Figures