Let's consider the inheritance tax
This tax only affects millionaires

There are 534 members of congress
268 congressmen are millionaires

Was there a conflict in interest when they
voted to virtually eliminate the inheritance tax

Old Law
Exempts:
5.5 million for individuals
11 million for a couple
Person inheriting property gets a stepped up basis
15,000 exemption per person (for 2018)

New Law
Exempts:
Eleven Million for individuals
Twenty Two Millions for a couple
Does not change the Stepped-Up Basis Rule
Exemption is indexed for inflation
No change in the 15,000 exemption


New rates expire in 2025
(note the age of most congressmen)

Was there a conflict of interest
when millionaire congressmen voted for this law