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Members press for repeal or protection against estate tax to shield family farms and small businesses
Summary
Multiple representatives from agricultural districts said they will push to repeal the estate ("death") tax or preserve the high exemption, saying expiration of 2017 provisions would force family farms and small businesses to sell assets to pay taxes.
At the Ways and Means member day hearing, several members made the estate tax — often referred to as the "death tax" — a central ask for reconciliation. Representative Brad Finstad, Representative Tom Barrett (Michigan), Representative Mark Downing (Montana), Representative Kiley and others warned that a reversion or reduction of the current exemption would force family farms and…
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