The Trump administration made clear that Killing the Death tax was one of their priorities on the campaign trail. Late last week during a press conference with Secretary Mnuchin, the Secretary of the U.S. Treasury and Director of the National Economic Council Gary Cohn, 60 Plus Association was discussed as leaders in the ongoing fight to repeal the death tax.
The White House Office of the Press Secretary has the transcript of the entire meeting here or you can check out the video above (comments about 60 Plus).
Chairman Martin was pleased to be invited by the White House to a meeting the following day; during which he met in person with Secretary Mnuchin and Director Cohn at a meeting the next day pointing out death of the Death Tax would lead to economic expansion and more jobs.
Thank you, Mr. Secretary. Quick question. You bring up repeal of the death tax, the estate tax. This is an issue that’s been going on for decades. And it used to be they were always talking about phasing out the death tax over a period of years. Groups such as Jim Martin’s 60-Plus Seniors Association said they wouldn’t accept it and wanted immediate killing of the death tax. Is that what this is going to be? Or is it going to be a phase-out measure again?
DIRECTOR COHN: Right now our initial proposal is to immediately phase out — when this proposal becomes effective — to phase out the death tax immediately.
For more information on 60 Plus and Jim Martin’s efforts to Kill the Death Tax visit: https://www.60plus.org/about/the-death-tax/