Interestingly, however, is a new report from Public Citizen that suggests the drive to repeal the estate tax is actually coming from a few extremely wealthy families who spend millions of dollars a year lobbying to repeal the estate tax. One reason that they do so is because they collectively would gain nearly $25 billion if the estate tax goes away. The Hill reported on this story in “Who is behind the push to repeal the estate tax?

A report that it is actually billionaires who wish to have the estate tax repealed, however, does not necessarily mean that it should not be repealed. Depending on your point of view, these wealthy families are either acting out of despicable self-interest or they are performing an admirable public service.

Philip J. Kavesh
Nationally recognized attorney helping clients with customized estate planning guidance for over 40 years.
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