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ARA Signed Family Business Estate Tax Coalition Letter to Congress

May 24 2021

ARA signed a Family Business Estate Tax Coalition letter with more than 100 organizations urging members of Congress to protect family-owned businesses from tax increases by defending stepped-up basis and opposing any changes to current law. 

ARA unequivocally supports the continuation of stepped-up basis because it is crucial to the survival of the business if a member of a family-owned business dies. Any changes could force family-owned businesses to liquidate assets or lay off employees to cover the additional tax burden. 

Read more about the impact of a step-up repeal in the letter.