Democrats ignore their own black constituents as they build upon their lust for increasing taxes while repressing the working poor and middle class of Blacks and Hispanics. .

 <<<  Turns out that Black and Hispanic business minorities need help/relief,  also.  When you demonize the rich,  you are killing the working middle class,  at the same time. 


By Bernie Becker - 03/25/15 09:15 PM EDT  The Hill, here

 

Republicans seeking to repeal the estate tax have rolled out the endorsements of black business advocates who argue the tax is especially painful for minority entrepreneurs.

Harry Alford of the National Black Chamber of Commerce and Robert Johnson, the founder of Black Entertainment Television (BET), separately argued in recent days that the estate tax is an especially bitter pill for minority business owners, many of whom only started getting successful in the last half-century or so.

“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,” Johnson, whose worth has been estimated at more than half a billion dollars, wrote to the House Ways and Means Committee last week.
Alford added in an op-ed for The Hill that black business owners are far more wary of the estate tax than entrepreneurs in general, making the case that what opponents dub the “death tax” puts pressure on minority-owned companies to sell at a discount price.

“It’s a legacy-killer,” Alford added in an interview with The Hill.

“People in those districts are the first to cry foul when businesses move away,” he said regarding lawmakers who propose expanding the estate tax. “They need to take Business 101.”

After a heated debate, the Ways and Means Committee passed a measure repealing the estate tax Wednesday on a party-line vote, the tax-writing panel’s first such vote in roughly a decade.