Republicans look to keep the estate tax at bay

Republicans look to keep the estate tax at bay


Republicans, having worked with farmers, ranchers, and other small businesses to decimate the estate tax, now aim with their governing trifecta to keep the controversial tax hobbled, or eliminate it all together.

Critics call the tax, which has been imposed in roughly its current form since 2016, the “death tax.” Death should not be a taxable event, they argue. They also maintain that the tax penalizes saving and thrift, while posing a mortal threat to family-owned businesses, such as farms, that are passed down from generation to generation.

Liberals, though, counter that the tax is necessary to address inequality. They note that, thanks to previous GOP efforts to limit the tax, it now only applies to a very small amount of highly wealthy people, and few

Trending: Rising Bull Riding Star, 24, Trampled to Death at Rodeo

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!