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Rubio, Thune, Colleagues Reintroduce Bicameral Legislation to Permanently Repeal the Death Tax

Mar 10, 2021 | Press Releases

Washington, D.C. — U.S. Senator Marco Rubio (R-FL) joined Senator John Thune (R-SD) and dozens of Senate colleagues in reintroducing legislation to permanently repeal the federal estate tax, more commonly known as the death tax. The Death Tax Repeal Act of 2021 would finally end this purely punitive tax that has the potential to hit family-run farms, ranches, and businesses as the result of the owner’s death.
In addition to Rubio and Thune, the bill is cosponsored by Senate Republican Leader Mitch McConnell (R-KY) and Senators Mike Crapo (R-ID), John Barrasso (R-WY), Marsha Blackburn (R-TN), Roy Blunt (R-MO), John Boozman (R-AR), John Cornyn (R-TX), Tom Cotton (R-AR), Kevin Cramer (R-ND), Ted Cruz (R-TX), Steve Daines (R-MT), Joni Ernst (R-IA), Deb Fischer (R-NE), Chuck Grassley (R-IA), John Hoeven (R-ND), James Inhofe (R-OK), John Kennedy (R-LA), Roger Marshall (R-KS), Jerry Moran (R-KS), Jim Risch (R-ID), Mike Rounds (R-SD), Rick Scott (R-FL), Richard Shelby (R-AL), and Roger Wicker (R-MS).
The bill is supported by the American Farm Bureau Federation, the National Cattleman’s Beef Association, NFIB, the National Association of Manufacturers, the Family Business Coalition, the Family Business Estate Tax Coalition, the Policy and Taxation Group, the Associated General Contractors of America, the National Taxpayers Union, and many others.
Companion legislation was introduced in the U.S. House Representatives by Rep. Jason Smith (R-MO).