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Reminds me of how the Congressional Black Caucus pushes for billionaires' repeal of the estate tax under the guise of racial equity. I think they try to make it
by j10t 9y ago
Reminds me of how the Congressional Black Caucus pushes for billionaires' repeal of the estate tax under the guise of racial equity. I think they try to make it into social issues, racial justice, just to divert the conversation from the indefensible root of their positions.
> “Full repeal of the estate tax would allow African Americans to pass the full fruits of their business success to the next generation and thereby laying the foundation for a permanent minority ownership class that can contribute to the economic growth and development of the United States economy,” Robert Johnson, whose worth has been estimated at more than half a billion dollars, wrote to the House Ways and Means Committee last week.
- _delirium 9y agoWhile I agree that happens, in your quote just to be clear, Robert Johnson isn't a member of the Congressional Black Caucus (or of Congress), he's just a very wealthy black businessman (founder of BET) who wrote his opinion opposing the estate tax in a letter to the House Ways and Means Committee. I haven't been able to find whether any members of the CBC actually agree with it. Most of the Caucus's members tend to vote fairly "left" on taxation-related issues.
- bdamm 9y agoI'd like to see a 50-year hiatus on inheritance taxes for black people.