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GOP Senator Opposes Estate-Tax Repeal, a Longtime Party Goal

Mike Rounds

Mike Rounds

Photographer: Zach Gibson/Bloomberg

Republican Senator Mike Rounds said Thursday he opposes repealing the estate tax, a long-sought goal of his party.

The South Dakota senator’s position could imperil prospects of ending the tax given the GOP’s narrow, 52-vote majority in the Senate. “I think we do the most good” by preserving the estate tax in some form, Rounds said in an interview. “The larger ones and the most wealthy — they’ve already figured out a way to bypass the taxes anyway."