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HOUSE_OVERSIGHT_014518 - HOUSE_OVERSIGHT_014522
k. From that perspective, repealing the estate tax would not suggest that the gift tax also be repealed. Neither President-elect Trump’s proposal nor the House Republicans’ Tax Proposal includes a repeal of the gift tax. As noted, appreciated assets includible in the estate generally receive a step-up in basis. President-elect Trump
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Donald Trump
PersonPresident of the United States (2017–2021, 2025–present)
Bank of America Corporation
Organization2003 film by Mark Achbar, Jennifer Abbott

House of Representatives
OrganizationLower house of the United States Congress

U.S. Trust
Organization
Bank of America, N.A.
OrganizationAmerican multinational banking and financial services corporation
N.W.A.
Location