Abolish the 'death tax,' say Senate Republicans
© Greg Nash

Senate Republicans are rallying behind legislation from Sen. John ThuneJohn Randolph ThuneTrump plan to claw back billion in spending in peril McConnell: Mueller 'ought to wrap it up' Graham jokes about Corker: GOP would have to be organized to be a cult MORE that would repeal the federal estate tax.

The South Dakota Republican said the tax, which opponents refer to as the "death tax," is punishing Americans "for a lifetime of hard work."

ADVERTISEMENT
“Death should not be a taxable event. For too long the federal government has forced grieving families to pay a tax on their loved one’s life savings that has been built from income already taxed when originally earned," Thune said in a statement. "This tax punishes farmers and entrepreneurs for a lifetime of hard work."

Twenty-seven Senate Republicans have endorsed Thune's bill, including Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellSenate passes 6B defense bill Poll: Kim Jong Un has higher approval among Republicans than Pelosi The Hill's Morning Report — Sponsored by PhRMA — Outcry raises pressure on GOP for immigration fix MORE (Ky.); Sen. Ted CruzRafael (Ted) Edward CruzMcCain calls on Trump to rescind family separation policy: It's 'an affront to the decency of the American people' Cruz announces bill to end separation of immigrant families The Hill's 12:30 Report — Sponsored by Delta Air Lines — Furor grows over child separation policy MORE (Texas), who is running for president; and Sen. Marco RubioMarco Antonio RubioHillicon Valley: Supreme Court takes up Apple case | Senate votes to block ZTE deal | Officials testify on Clinton probe report | Russia's threat to undersea cables | Trump tells Pentagon to create 'space force' | FCC begins T-Mobile, Sprint deal review Feehery: Betting on Trump Senate votes to block Trump's ZTE deal MORE (Fla.), who is expected to launch a White House bid soon.

McConnell called the tax "unfair" and "anti-family." 

"It is the federal government’s final insult to tax your family when you have already paid taxes on your property throughout your life," the Kentucky Republican said. "The thought of having to visit the IRS and the undertaker on the same day is an absolute outrage."

Senators voted last week to include an amendment that backed the repeal of the estate tax in the budget. Every Republican, aside from Sen. Susan CollinsSusan Margaret CollinsTrump plan to claw back billion in spending in peril Romney backs Laura Bush on border: 'We need a more compassionate answer' Amnesty International rips family separation policy: 'This is nothing short of torture' MORE (Maine), supported the amendment, which was also from Thune. 

While the vote wasn't binding, it did get senators on the record. 

Sen. Bernie SandersBernard (Bernie) SandersSenate passes 6B defense bill Manchin becomes final Democrat to back bill preventing separation of immigrant families Kasich: There’s a disease in American politics MORE (I-Vt.) said ahead of last week's vote that repealing the estate tax "is not about family farms or small business. This amendment benefits exclusively the wealthiest 0.3 percent of the families in this country." 

Under current law, a deceased person’s estate or assets have to be worth more than $5.43 million before they are subject to the tax.