Inheritance tax hits chopping block as more than 200 Republicans push for repeal
Fox News
Republicans in Congress are pushing for a total repeal of the federal estate tax just as they work to extend President Donald Trump's tax cuts.
An inheritance or estate tax is levied upon the beneficiary who receives assets upon a person's death. Republicans have long criticized the estate tax as a needless financial burden on grieving families, particularly hitting small family-owned businesses. Elizabeth Elkind is a politics reporter for Fox News Digital leading coverage of the House of Representatives. Previous digital bylines seen at Daily Mail and CBS News.
It comes as Republicans work on extending President Donald Trump’s 2017 Tax Cuts and Jobs Act, whose provisions expire at the end of this year. Among the measures sunsetting in 2026 is a doubling of the estate tax exemption. Follow on Twitter at @liz_elkind and send tips to elizabeth.elkind@fox.com
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