Undercutting the American Dream: Estate Tax Repeal Would Harm Latinos
Publication Date: January 2006
Publisher(s): National Council of La Raza
Special Collection: John D. and Catherine T. MacArthur Foundation
Keywords: Economic inequality; Hispanic population; Financial future; Charitable giving
Coverage: United States United States
This white paper issued by the National Council of La Raza 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. The paper notes that, contrary to public perceptions, the estate tax applies only to a small number of families; however, it does help to alleviate imbalances in the current tax system.