Congress delayed an increase in the estate tax — but Congress should use this two-year reprieve to repeal the tax entirely. In a guest opinion sent to Idaho newspapers today, Sen. Mike Crapo calls for a repeal of the so-called "death tax." "High federal taxes should not prevent a family farmer, rancher or other business owner from passing the business they developed onto their children and grandchildren," writes Crapo, R-Idaho. "Penalizing productive heritage undercuts efforts to maintain small businesses and local jobs. We must utilize the next two years to eliminate the Death Tax and advance some tax certainty and fairness for the betterment of families, communities and the U.S. economy"/Kevin Richert, Idaho Statesman. More here.
Question: Should the death tax be eliminated altogether?