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On March 2, 2010, the Committee on Private Company Policy joined a Family Business Estate Tax Coalition letter urging Congress to pass permanent estate tax reform legislation as soon as possible. The current uncertainty of the estate tax law has left many family-owned businesses and farms guessing about their tax liabilities.
The letter noted that while full repeal of the estate tax is the best solution, the coalition does support a permanent estate tax provision that would increase the exemption level to $5 million and reduce the top tax rate to 35%.
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