Black Entertainment Television chairman and CEO Robert
Johnson is heading a list of African-American business leaders and entrepreneurs
who Monday announced a call for the repeal of the estate tax.
The leaders, who include Earl Graves, chairman, editor and publisher of
Black Enterprise magazine; Dave Bing, former pro basketball great and the
Bing Group of automotive suppliers; Ed Lewis, chairman and CEO of Essence
Communications, publishing interests that includes Essence magazine, say
the estate or 'death' tax - which is taxes businesses after the death of the
owner -- hurts the ability of African-American businessmen to pass on their
business to future generations. The elimination of the estate tax is part of
President Bush's proposed 10-year, $1.6 trillion tax package
The group's perspective on the tax will be unveiled in full-page ads
appearing in The Washington Post and New York Times on
Wednesday, April 4, said BET.
R. Thomas Umstead serves as senior content producer, programming for Multichannel News, Broadcasting + Cable and Next TV. During his more than 30-year career as a print and online journalist, Umstead has written articles on a variety of subjects ranging from TV technology, marketing and sports production to content distribution and development. He has provided expert commentary on television issues and trends for such TV, print, radio and streaming outlets as Fox News, CNBC, the Today show, USA Today, The New York Times and National Public Radio. Umstead has also filmed, produced and edited more than 100 original video interviews, profiles and news reports featuring key cable television executives as well as entertainers and celebrity personalities.
Thank you for signing up to Multichannel News. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.