CONGRESS FOR VOTERS

RepublicanBill · H.R. 1301· House(119-HR-1301)

Death Tax Repeal Act

Rep. Feenstra
Age: 57 years
Iowa
Introduced
2/13/2025
Last activity
2/13/2025 — Referred to the House Committee on Ways and Means.
Sponsored by
Randy Feenstra
Cosponsors
Republican - 179Democrat - 3
Taxation
  1. Introduced
  2. In Committee

What this bill would do

The "Death Tax Repeal Act" aims to amend the Internal Revenue Code of 1986. The bill seeks to repeal the existing estate and generation-skipping transfer taxes. It establishes new rules for the termination of these tax chapters. Additionally, the act includes conforming amendments related to the gift tax. These changes are intended to take effect on the date the act is enacted.

Yes· 3 of 8

  • Would high-income households be better off under this?+10

    The repeal of the estate tax and generation-skipping transfer tax provides significant financial relief to high-income households.

  • Would people with substantial wealth be better off under this?+10

    High-net-worth individuals are the primary group that would benefit from the elimination of these taxes.

  • Would the very wealthiest people be better off under this?+10

    The elimination of the estate and generation-skipping transfer taxes offers maximum relief to the wealthiest individuals.

The opposite

  • Does this raise taxes on the highest earners?-10

    The bill repeals the estate tax and the generation-skipping transfer tax, which are primarily levied on high-net-worth individuals.

  • Does this reduce what the federal government spends?-5

    The repeal of major tax revenue streams like the estate tax will reduce federal revenue.

  • Does this make the government pay for what it commits to?-5

    The loss of estate and transfer tax revenue may negatively impact the government's ability to fund its commitments.