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Congressional Republicans’ Tax Scam Would Raise the Estate Tax Threshold While Slashing Healthcare for Millions
Although less than 1% of American families are subject to the estate tax, a striking 18% of House and 28% of Senate Republicans are wealthy enough to benefit
WASHINGTON, DC – President Trump and congressional Republicans’ so-called “Big, Beautiful Bill” would raise the estate tax exemption to $15 million and make it permanent — a move that adds to a growing list of benefits favoring the wealthy, funded by cuts to healthcare, food assistance, and education for millions. Although less than 1% of American families are subject to the estate tax, a striking 18% of House and 28% of Senate Republicans are wealthy enough to benefit, according to Accountable.US’ Cash in Congress. Under the “Big, Beautiful Betrayal,” they could pay nothing in federal estate taxes when they hand over up to $15 million to their heirs.
Congressional Republicans’ tax scam extends tax cuts for millionaires and billionaires while slashing funding for Medicaid and SNAP. It’s clear as day that Republicans in Congress aren’t taking cues from their constituents; they’re listening to the wealthiest Americans and big businesses who’ve gamed the political system. Their priority is to secure benefits for themselves and the ultra wealthy, and they want the rest of us to pay for it.”
Accountable.US Executive Director Tony Carrk
Accountable.US’ Cash in Congress the only comprehensive database detailing every congressional Republican members’ personal financial stake in extending the pass-through and estate tax changes from the Trump tax scam.
