REGULATIONS/TAXES: “We’ve slashed regulations to cut the death tax. Now, the death tax is a big deal. So if you have a farm or a business, like Kirby, like your business, and you want to leave it to your beautiful family, which I just met, and they have to go out and get a big mortgage from a bank because they have big estate taxes — call it whatever you want; we call it a death tax — they don’t have to do that anymore, Kirby. That’s pretty good, right? So you’ll be looking down and you’ll be saying, ‘They’re happy.’ They won’t be losing — losing the business or losing the farm.
But we’ve slashed regulations; cut the death tax, estate tax — got rid of it for the small farms and businesses.”
-Donald Trump, “Remarks by President Trump on the Farmers to Families Food Box Program Distribution | Mills River, NC,” whitehouse.gov, Aug. 24, 2020