National Black Chamber of Commerce joins estate tax reform effort

National Black Chamber of Commerce joins estate tax reform effort

ASSET (Americans Standing for the Simplification of the Estate Tax), the largely volunteer effort to square away the inequities of the current estate tax code, has a new member, the National Black Chamber of Commerce. The group joins ASSET, which is spearheading an effort to rewrite the estate tax code so as to maintain revenues while preventing the damage to family estates and job losses that are the direct result of the current law. Among dealers leading ASSET are WANADA members Jack Fitzgerald, Fitzgerald Auto Malls, and Tamara Darvish of DARCARS.

Harold Alford, president and CEO of the National Black Chamber of Commerce, says the current estate tax rules are forcing too many private businesses to sell and causing more harm than good. We welcome the chance to be involved with ASSET, he said.

ASSET continues to meet with congressional staff, elected officials and think tanks with the goal of coming to terms on appropriate legislation and the right bill sponsors. ASSET hopes to have a bill introduced this year as Congress explores all avenues to bring the U.S. budget crises under control, simplify the tax code and boost job growth in the U.S.