USA Today: Lawmakers, Farmers Urge Repeal of Estate Tax

Matthew Gardner, executive director with the Institute on Taxation and Economic Policy, said there are special tax breaks in place to make sure that most small family-owned farms and businesses will be exempt from the estate tax. For the few that do have to pay, he said there are rules allowing those taxes to be paid over 15 years.

“The idea that the estate tax hurts farms and small businesses is really a red herring. It’s not borne out by the data,” Gardner said. “This Congress seems a lot less interested in meaningful tax reform, and more interested in these showboating things with the estate tax repeal.”

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