Last Updated: January 27, 2014
Topic: Estate Taxes
The majority of NCA companies are family-owned, small businesses. Estate taxes have a proven record of inhibiting economic expansion and employment opportunities among companies. It is critical for Congress to focus on increasing the exemption rate and reducing the tax rate with the long-term objective of repealing the estate tax.
NCA is a member of the Family Business Estate Tax Coalition and supports the long-term objective of fully repealing the estate tax. Until that long-term objective is feasible, NCA supports the extension of the $5 million exemption and 35 percent top rate, first approved by Congress in 2010.