Inheritance tax hits chopping block as more than 200 Republicans push for repeal

8 months ago 7

FIRST ON FOX: Republican lawmakers are mounting a massive effort to repeal the federal inheritance tax, colloquially known as the "death tax."

Rep. Randy Feenstra, R-Iowa, is leading more than 170 House Republicans on the "Death Tax Repeal Act," which is also backed by the House’s top tax writer, Ways & Means Chairman Jason Smith, R-Mo.

An inheritance or estate tax is levied upon the beneficiary who receives assets upon a person's death. Republicans have long ...

Source: https://www.foxnews.com/politics/inheritance-tax-hits-chopping-block-more-than-200-republicans-push-repeal

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