The Minority Coalition for Estate Tax
Repeal is comprised of Hispanic, minority and small-business
organizations that joined forces to permanently repeal the
federal estate taxes, also known as "death taxes."
Formed in 2004, the Coalition has called on President Bush
to support bipartisan legislation to eliminate the estate
tax, which has been shown to disproportionately impact small,
minority-owned businesses.
Current Estate Tax (Death Tax) News:
Open Letter from a Tax Payer
To Whom It May Concern:
My name is Clayton and I have a story to tell. In the 1860’s my great-great grandfather was a cattleman. He had moved from England to Virginia and from Virginia to Texas. He began leasing land from landowners to graze cattle, all the while saving his money. Gradually, as he saved more and more, he began purchasing small tracts from the people he was leasing from and over his lifetime he had purchased several thousand acres through hard work and frugal living, the typical American dream. Read complete text.
Americans Talk Taxes "Listen to the American people: 85% of Americans
in the six states we surveyed either
want the Death Tax (Estate Tax) completely eliminated or significantly
reduced." Read full text.
Letter to President Bush
"Contrary to the notion that the “death tax” (estate
tax) will only affect wealthy taxpayers, the truth is that
small, family-owned, women-owned and minority-owned businesses
are often among the hardest hit by this debilitating and unfair
tax." Read full text.
7 of 10 Hispanic Business Owners Want Candidates Who Will
End the Death Tax (estate tax)
1 in 4 Say Businesses Will Liquidate to Pay 49% Death Tax
Rate Read full text.
According to the IMPACTO survey, more than eight out
of 10 Hispanic business owners likely to vote in five key
states believe the federal "death tax" (estate tax)
is unfair, and 71 percent said they would support candidates
for office who would vote to abolish it over those who favored
keeping it. Read full text.
More than 70 percent of Hispanic business owners surveyed
recently in Arizona, California, Florida, Nevada and New Mexico
say they'd be more likely to vote for a candidate who favors
estate tax (death tax) repeal than a candidate who wants to
keep taxing inherited wealth....The estate tax (death tax)
currently kicks in when an individual dies and leaves more
than $1.5 million in assets to his or her heirs. The top tax
rate is 48 percent. The [estate tax] is scheduled to be phased
out by 2010, but it will return in 2011 unless Congress takes
additional action... Read full text.
The “Death Tax” (estate tax) kills hope and opportunity
for Hispanic families - especially for the children...There
are 1.4 million Hispanic-owned businesses in the United States.
By 2007, 1 out of every 10 U.S. small businesses will be Hispanic-owned...70%
of all family-owned businesses do not survive through the
second generation, and 87% don't make it to the third generation. Read full text.
