More MS news articles for March 2001

Disabled Americans To Wage Fight With Wealthy Over Estate Taxes

U.S. Newswire
19 Mar 11:46
To: National Desk
Contact: Diana Banister for Disabled Americans For Death Tax Repeal, 800-536-5920 or 703-739-5920

WASHINGTON, March 19 /U.S. Newswire/ -- The following was released today by Disabled Americans For Death Tax Repeal:

Today, a newly formed organization Disabled Americans for Death Tax Repeal ran a full-page ad in The Wall Street Journal to lobby Congress to abolish the federal estate tax. The group cites the need to allow mothers and fathers to assist their disabled children with long-term care needs after their death.

The Disabled Americans for Death Tax Repeal will refute an a misguided advertising campaign group of multi-millionaires and billionaires called "Responsible Wealth" who want to preserve the federal estate tax claiming it would be an "unfortunate legacy" for America's future generations to inherit family money and property.

"I was deeply offended by the callous and heartless comments made by this group," said Erin O'Leary, President of Disabled Americans for Death Tax Relief. "I take offense that this group of wealthy elite should term helping people like me an 'unfortunate legacy' and that I shouldn't be allowed to keep the money my family has earned to offset future medical expenses. Many of the members of Responsible Wealth are able to shelter their wealth and avoid the estate tax, rendering their support for the tax disingenuous.

Ms. O'Leary, who was diagnosed with Multiple Sclerosis ten years ago, says it is wrong to allow the federal government to take 55 percent of the wealth which families leave to their children and other heirs.

"Some of us who would receive this wealth are in wheelchairs," said Ms. O'Leary. "Some are deaf or blind. Some are on respirators. Others require medication or nursing services. In order to live a full life, these Americans may require medical help, nursing, and living assistance far beyond that which is covered by medical insurance. Warren Buffet, Bill Gates, Sr. and George Soros believe that these people should be denied full financial help from their parents. If they want to remember Uncle Sam in their wills, that's their business.

"I challenge any of the 'Responsible Wealth' to a debate on the need for repeal of the estate tax."

"The federal estate tax accounts for a mere 1.5 percent of total tax revenues. Congress must realize that family money would be put to better use helping sick family members, rather than have heirs depend on social programs. I hope the wealthy elite can understand this need."

For more information, or to schedule an interview with Ms. O'Leary, please call Diana Banister of Craig Shirley & Associates at 800-536-5920.

/U.S. Newswire 202-347-2770/03/19 11:46
Copyright 2001, U.S. Newswire