Coalition Urges Estate Tax Relief and Reform

FOR IMMEDIATE RELEASE

Contact: Kara Zupkus (224) 456-0257

WASHINGTON, D.C. – Today, the Taxpayers Protection Alliance and a dozen other watchdog and limited-government groups urged Congress to include the Family Business Legacy Act of 2025 in future reconciliation or tax-related legislation. Introduced by Representatives Greg Steube (R-Fla.) and Rich McCormick (R-Ga.), this pivotal legislation creates an estate tax deduction for bequests made to 501(c)(4) social welfare groups, 501(c)(5) labor/agricultural organizations, and 501(c)(6) business leagues, aligning their estate tax treatment with lifetime gift tax rules.

Ross Marchand, Executive Director of the Taxpayers Protection Alliance, offered the following statement:

“The Tax Cuts and Jobs Act (TCJA) significantly eased the estate tax burden on family businesses by temporarily doubling the threshold for exemption. The One Big Beautiful Bill built on this progress by permanently locking in these higher exemption limits. And while these policies have provided meaningful relief to a wide range of family-owned enterprises, relentless inflation has meant that many family businesses still pay far too much in taxes and face succession planning headaches. The Family Business Legacy Act would solve this issue by fixing the discrepancy between the gift tax and estate tax and providing more certainty for families. We urge lawmakers to take up this important piece of legislation.”

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The Taxpayers Protection Alliance (TPA) is a non-profit, non-partisan organization dedicated to educating the public through the research, analysis, and dissemination of information on the government’s impact on the economy.