Thune Pitches Estate Tax Repeal as GOP Advances Bill Talks (1)

Senate Majority Leader John Thune pitched a full repeal of the estate tax Wednesday, setting as a priority the elimination of the levy on the fortunes of some of the wealthiest Americans as Republicans draft a massive economic package.

“I continue to advocate for eliminating the death tax once and for all, so no farmer or rancher has to worry about whether the family farm or ranch will be able to stay in the family after they pass,” the South Dakota Republican said on the Senate floor Wednesday.

Thune’s push for repealing the 40% tax on the wealth of the ...