Estate Tax Repeal Would Be a Bonanza for Trump and His Cabinet
- Republican lawmakers see chance to end so-called death tax
- Issue may test president-elect’s populist campaign themes
Estate Tax Repeal: How Trump Cabinet Picks Would Benefit
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President-elect Donald Trump, who won the hearts and minds of millions of working-class voters, may help deliver a multibillion-dollar bonanza to America’s wealthiest families.
The Manhattan businessman’s election offers congressional Republicans their best chance in years to eliminate the estate tax, which he and others call the “death tax.” Abolishing it would save more than $20 billion a year for the millionaires and billionaires the tax applies to -- including the Trump family and several of the people he has chosen for his administration.