President’s Tax Proposal INCLUDES Favorable Estate Tax Compromise

CONTACT YOUR REPRESENTATIVES AND SENATORS TODAY

President Obama’s December 6 tax proposal to Congress includes a number of important tax provisions that are important to your business, specifically the estate tax and extension of the 2001 and 2003 tax rates. Should these measures fail to pass your tax rates will increase on January 1 and the estate tax will be reinstated at a very unfavorable rate. Speaker Pelosi and other Democrats are very unhappy with the estate tax agreement and are working to strip or weaken the proposal

By Taylor Kuykendall

BECKLEY — West Virginia business leaders are meeting with their representatives in government across the state to discuss a range of issues, from combating the state’s drug problem to reforming the court system.

One of the nine meetings held by the West Virginia Business and Industry Council was hosted in Beckley. The purpose of the meeting was to bring lawmakers and business people together to discuss issues important to West Virginia business.

The 2010 Little Red Stocking Campaign has again partnered with the OM&GA members to help make a difference in the lives of West Virginia’s children. This year the Go Mart, One Stop and the Roc’s convenience stores will be selling Little Red Stockings beginning the day after Thanksgiving until the campaign ends on Christmas Eve. The stockings sell for $1.00 each and are proudly displayed throughout the stores.    Last year the Go Mart and One Stop stores combined raised nearly $35,000 to help children located in the communities where the stockings are sold. In years past children would collect pennies and bring them to the local schools for the principal to take the collection to the nearest orphanage to help homeless children. The tradition of giving to those less fortunate lives on today through the Children’s Home Society’s Little Red Stocking Campaign.

The West Virginia Business & Industry Council announced it will begin a series of meetings with state legislators and businesses today at the Marriott and at Rocco's Ristorante in Ceredo.

The council, comprised of more than 50 trade associations and businesses, said the meetings are designed "to discuss issues needed to preserve and improve the business climate in West Virginia."