WASHINGTON (Feb. 18, 2005) — The Tire Industry Association (TIA), already elated over congressional passage of class-action lawsuit reform, is also happy over the introduction of two other high-priority bills in Congress dealing with the so-called “death tax” and health insurance.
A bill to permanently repeal the estate tax—currently set to come back in 2011—has been introduced in the House. Both the House and Senate also have versions of legislation to allow small business associations to pool their members to create Association Health Plans (AHPs) to negotiate across state lines for lower-cost health insurance.
The estate tax bill will assure TIA members that they can pass their businesses on to their families without worrying that the bulk of their business assets will go for taxes, noted Becky MacDicken, TIA government affairs director. The AHP bill, meanwhile, is TIA's number one priority, she said. “The odds are better for passage (of an AHP bill) this year than they've been in a long time,” she added.