Arguments For & Against
Pro Argument
Lowering the exemption threshold or increasing the tax rate would generate significant additional revenue.
Con Argument
Critics argue that the estate tax is unfair because it taxes wealth that has already been taxed as income or capital gains during the decedent's lifetime.
| Type | Organization | Date | Nat | Rep | Dem | Gap | Metric |
|---|---|---|---|---|---|---|---|
| New PPC Survey (2026) | Program for Public Consultation | February 2026 | 81% | 76% | 88% | 12% | other |
| Deliberative Survey | Program for Public Consultation | June 2025 | 76% | 69% | 82% | 13% | other |
Program for Public Consultation — February 2026
As you may know, the estate tax is a tax on large inheritances, which includes both property and financial assets like stocks and bonds. Currently there is no tax on the first $15 million for individuals and $30 million for married couples, but the amount above that is taxed. Proposals have been put forward to change the estate tax. Do you favor taxing inherited wealth: Above $3.5 million for individuals and $7 million for married couples (increases revenue $54B) Above $5 million for individuals and $11 million for married couples (increases revenue $17B) Above $15 million for individuals and $30 million for married couples (current law) Eliminating the estate tax (reduces revenue $34B)
Related Policies
Increase income tax rates on income over $500,000
60% national support
Tax capital gains at the (higher) ordinary income rate for income over $200,000
64% national support
Adopt a tax of 2% on wealth over $50 million, and 3% over $1 billion
80% national support
End the special tax rate for carried interest
73% national support