Thune: Democrats’ New Death Tax Would Crush Family Farms, Businesses
“Americans’ bank accounts should not be regarded as a bottomless barrel of money to pay for Democrats’ preferred government programs.”
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WASHINGTON — U.S. Sen. John Thune (R-S.D.) today discussed the Democrats’ reckless tax-and-spending spree and the cost that would ultimately fall on the backs of hardworking middle-income families. Thune noted that the Democrats’ new death tax would force Americans to pay more money in taxes on assets passed on from generation to generation. Last week, Thune led the entire Senate Republican caucus inurging President Biden to abandon his effort to impose a capital gains tax increase on family-owned businesses, farms, and ranches.