Tomorrow\’s vote to permanently kill death tax greatly helps Hispanics.

WASHINGTON – Tomorrow, the U.S. House will vote on permanently repealing the Death Tax. And while the bill\’s passage – a major taxpayer victory – is expected, one group of Americans will benefit in particular from this new tax policy.

Hispanic Americans will particularly benefit with repeal of the Death Tax. Of all minority ethnic groups in the nation, Hispanics own the largest share of small businesses, which are hardest-hit by the death tax. The vast majority of these small businesses are sole-proprietorships owned by first- or second-generation U.S. citizens.

"Not only do 80 percent of the American people oppose the death tax," said taxpayer advocate Grover Norquist, "it is the leading cause of the termination of successful small businesses in America. One out of four small businesses will have to go out of business to pay the tax, unless it is permanently repealed before 2011." Norquist heads Americans for Tax Reform (ATR) in Washington, D.C.

Family businesses and sole-proprietorships are often passed from generation to generation. By not repealing the death tax, Congress will be making it even more difficult for Hispanic businesses to gain a permanent presence in the business community. Furthermore, failure to repeal the death tax will force many Hispanic families to sell hard-earned business assets to pacify the IRS.

"Daschle and his left-wing cohorts in the Senate face a tough move: cave to the power of public opinion on death tax relief, or hang on to their paleoliberal, big government principles."

Yesterday, the U.S. House passed two permanent tax relief proposals: one to make permanent the adoption tax credit, the second to exempt restitution given to survivors of the Nazi Holocaust.

On Thursday, the House will vote on and likely pass permanent death tax relief. By making President Bush\’s tax cuts permanent, Congress can prove to the American people that it is serious about helping ALL U.S. citizens.