Monday, September 14, 2009

Initiative to repeal Ohio's estate tax begins

This just in via email:

FOR IMMEDIATE RELEASE
Monday, September 14, 2009

Buckeye Institute Sample Language Used for Estate Tax Repeal

COLUMBUS - The Buckeye Institute's 1851 Center drafted language for an initiated statute amendment to eliminate Ohio's estate tax that was adopted by Citizens United to End Ohio's Estate Tax. On Friday the Attorney General approved the language for the group to begin collecting the signatures required to have the state legislature consider the initiative.

"The estate tax causes a significant harm to Ohio's families, specifically families owning small businesses and farmers," said Maurice Thompson, 1851 Center Director. "It also drives many of our wealthiest citizens, who are sometimes our most productive, out of the state."

The Buckeye Institute released a study in cooperation with the American Legislative Exchange Council which finds Ohio's estate tax is the worst in the country, kicking in on estates valued as low as $338,333.

"People shouldn't be forced to move away from their homes and their families in order to avoid an overreaching government," Thompson added.

The language for the initiative is available here.

The Buckeye Institute for Public Policy Solutions, together with its 1851 Center for Constitutional Law, is a nonpartisan research and educational institute devoted to individual liberty, economic freedom, personal responsibility and limited government in Ohio.

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4 comments:

gordon gekko said...

What does it say about your state when people don't even want to die there?

navyvet said...

....or live there.....

Tim Higgins said...

Maggie,

Any estate tax is wrong by definition, since such monies have been taxed once already when initially earned. The fact that such a law is not already on the Ohio books speaks volumes to the taxpayer abuse committed in this state.

Hooda Thunkit (Dave Zawodny) said...

Oddly enough, no one has ever complained and therein lies the key to the problem...

(I don't suppose that there is a retroactive clause in there anywhere, is there?)

(Just asking...)

;-)

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