Why the ‘Death Tax’ May Not Matter Anymore
Trump argues estate taxes kill jobs, but only the richest are required to pay. And besides, they’re easily avoided.
Photographer: Hakan Yesil/Getty Images
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The White House cited research from a “family business” group to support its push for repealing the federal estate tax. But don’t mistake family business owners for small business owners.
Directors of the group, called Family Enterprise USA, include Preston Root. His family fortune derives from creating the curvy green bottle that Coca-Cola made iconic a century ago. Another board member, Jamie Richardson, married into the hamburger business. Specifically: sliders. His wife is the great-granddaughter of the man who founded the White Castle fast-food chain.