Senate Leader Thune Backs Full Repeal Of Estate Tax

Bloomberg News reports:

Senate Majority Leader John Thune pitched a full repeal of the estate tax Wednesday, setting as a priority the elimination of the levy on the fortunes of some of the wealthiest Americans as Republicans draft a massive economic package.

“I continue to advocate for eliminating the death tax once and for all, so no farmer or rancher has to worry about whether the family farm or ranch will be able to stay in the family after they pass,” the South Dakota Republican said on the Senate floor Wednesday

Read the full article.

Incoming Senate Majority Leader Thune wants to repeal the estate tax.

This would amount to a $2.7 TRILLION tax break for billionaires.

That’s $2.7 trillion less we’d have for Medicare, child care, education, and housing.

Great way to worsen the economy for working people.

— Americans for Tax Fairness (@4taxfairness.bsky.social) November 21, 2024 at 3:10 PM