Afro American Newspapers: Families need a permanent, certain fix of Estate Tax

By Harry Alford
April 26, 2006

Why does the National Black Chamber of Commerce support the permanent elimination or the reduction of the estate tax?

Because many of our family businesses are first generation businesses, where children work along side their parents, in these businesses. They would like to see their children continue the business for the benefit of their community and the family. They do not want to sell the business to pay the estate tax and eliminate the livelihoods for the next generation in addition to the jobs for those who they employ.

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