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

Senate Republicans are rallying behind legislation from Sen. John ThuneJohn Randolph ThuneBiden owes us an answer on court-packing Government efforts to 'fix' social media bias overlooks the destruction of our discourse McConnell: Coronavirus relief deal unlikely before election 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."

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“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 McConnellPush to expand Supreme Court faces Democratic buzzsaw Schumer labels McConnell's scheduled coronavirus stimulus vote as 'a stunt' Pelosi gives White House 48-hour deadline for coronavirus stimulus deal MORE (Ky.); Sen. Ted CruzRafael (Ted) Edward CruzConservatives seize on New York Post story to push Section 230 reform Changing suburbs threaten GOP hold on Texas Hillicon Valley: Trump refuses to condemn QAnon | Twitter revises its policy, lets users share disputed article | Google sees foreign cyber threats MORE (Texas), who is running for president; and Sen. Marco RubioMarco Antonio RubioOwners of meatpacker JBS to pay 0M fine over foreign bribery charges Questions raised about conflicts of interest around Biden son-in-law America needs an industrial policy — now more than ever 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 CollinsPush to expand Supreme Court faces Democratic buzzsaw Collins PAC donated hundreds of dollars to two candidates who support QAnon Republicans increasingly seek distance from Trump 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 SandersBernie SandersPush to expand Supreme Court faces Democratic buzzsaw Senate Democrats seek to alleviate public concern about some results not being available on election night Georgia senator mocks Harris's name before Trump rally: 'Kamala-mala-mala, I don't know' 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.