[j10t]

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]

While 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]

I'd like to see a 50-year hiatus on inheritance taxes for black people.