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.