Executive Summary of Undercutting the American Dream: Estate Tax Repeal Would Harm Latinos

Contact:	Luisa Grillo-Chope
Date:	Apr 20, 2006
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Topic:	Community and Family Wealth-Building
Policy:	Tax Reform

Summary

This is the executive summary of Undercutting the American Dream: Estate Tax Repeal Would Harm Latinos, a new white paper issued by the National Council of La Raza. It concludes that repeal of the estate tax would exacerbate the wealth gap between Latinos and other Americans and reduce the amount of revenue available for the community’s key policy priorities. The paper examines how the estate tax works and its effects on taxpayers, the budget, and charitable giving.