Repeal of Federal Estate Tax?

Donald Trump is on record as favoring the repeal of the federal estate tax. With Republicans controlling the executive, legislative and judicial branches of the federal government, will repeal actually happen? Democrats will filibuster such legislation in the Senate, and it will take 60 votes to stop that filibuster. Some number of Democrats would have to join with the Republicans to get the 60 votes to stop the filibuster to enable that legislation to pass. But there may be ways to get around the 60 vote requirement, and Donald Trump is likely to explore such strategies. Stay tuned.

About randyspiro

I am a super lawyer in California with dual specialization in Estate Planning and Taxation.
This entry was posted in Death tax, Estate Planning, Law, Trump, Trusts, Uncategorized, wills. Bookmark the permalink.

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