The National Association of Wholesaler-Distributors (NAW), representing the 8.2 trillion-dollar wholesale distribution industry and 6 million American workers, strongly supports the introduction of the Death Tax Repeal Act, legislation that would permanently repeal the death tax.
Alex Hendrie, Associate Vice President-Government Relations at NAW, issued the following statement:
“NAW has long been concerned about the Death Tax’s devastating impact on multi-generational, family-owned businesses, the backbone of Main Street across America. These businesses, often highly illiquid despite substantial assets, are disproportionately forced to sell off their holdings to pay the tax, disrupting local economies and hindering critical job creation. Moreover, the tax discourages the intergenerational transfer of wealth and expertise, stifling entrepreneurial activity and innovation. NAW applauds Congressman Randy Feenstra (R-IA) for his leadership in introducing this bill and urges all lawmakers to support this common-sense legislation.”
The National Association of Wholesaler-Distributors (NAW) is one of America’s leading trade associations, representing the $8.2 trillion wholesale distribution industry. Founded in 1946, NAW comprises national, regional, and state employers of all sizes, industry trade associations, partners, and stakeholders spanning all distribution sectors. Our industry employs more than 6 million workers throughout the United States, accounting for 1/3 of the U.S. GDP. 35,000 wholesale distribution companies operate in nearly 150,000 places of business across North America, including all 50 states.