Initiative to repeal Ohio's estate tax begins

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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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