Friday, July 21, 2006
President Bush took his anti-estate tax message to the NAACP annual convention yesterday:
You know, one of my friends is Bob Johnson, founder of BET. He's an interesting man. He believes strongly in ownership. He has been a successful owner. He believes strongly, for example, that the death tax will prevent future African American entrepreneurs from being able to pass their assets from one generation to the next. He and I also understand that the investor class shouldn't be just confined to the old definition of the investor class.
Think Progress reports that only 59 African-Americans will be subject to the estate tax in 2006, and 33 in 2009.