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Richard Neal: “The compromise that we reached on the estate tax was that…”

Featuring: Richard Neal, Democratic | U.S. House Massachusetts, 1st Congressional District

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To The Point: Talking Taxes with Rep. Richard Neal

Published | Video Starts at 11:29

That's correct. There's going to be more Alzheimer's. So they're saying essentially with this tax cut, that you're on your own. The compromise that we reached on the estate tax was that individuals could keep $5.5 million and a married couple could keep $11 million without any tax. I mean, Gary Cohn, who is the President's chief economic adviser, he recently said, and I quote, you got to be stupid to pay the estate tax. (11:29–11:43)

CLAIM

Asserts that the estate tax compromise allowed individuals to keep $5.5 million and couples $11 million tax-free.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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