Statement on Estate Tax

WASHINGTON, D.C. Today, John Diamond, Communications Director for Senator Maria Cantwell (D-WA), issued the following statement:
“Senator Maria Cantwell and several Senate colleagues have requested information from the Congressional Joint Committee on Taxation about several ideas concerning the estate tax, which has expired. Senator Cantwell is seeking data to discuss with constituents and colleagues. Information requested from the committee includes the following concepts: establishing a lower-rate prepayment option; the elimination of loopholes and special carve outs from the estate tax; the elimination of special capital gains tax breaks for surviving spouses; and various levels of overall exemptions from the estate tax. Senator Cantwell looks forward to getting the data from the Joint Committee on Taxation and sharing the information with constituents.”