Estate Tax Rate Reduction Act

Estate Tax Rate Reduction Act

This bill reduces the rate for the tax on estates, gifts, and
generation-skipping transfers to 20%. (Under current law, the highest rate is
40%.)

The bill also exempts the budgetary effects of the tax reduction from the
Pay-As-You-Go (PAYGO) rules established by the Statutory Pay-As-You-Go Act of
2010 and the FY2018 congressional budget resolution.