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PLENTY OF INCENTIVES FOR ESOPs REMAIN
Regarding your story "The real strengths of employee ownership" (Editorials, July 15), the 1989 tax law did eliminate one tax incentive for employee stock-ownership plans that was costly to the taxpayer but had relatively little impact on the number of new plans set up. Most professionals in this field would have rated it only as the fourth or fifth most important ESOP incentive. So the basic tax structure for ESOPs remains intact.
National Center for