a house version of the bill would do just that by 2024 ; however , the senate 's version of the tax overhaul , which narrowly passed the chamber early saturday , would sen. charles e. grassley ( r - iowa ) questions neil m. gorsuch during his supreme court confirmation hearing .
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in comments published by the des moines register on saturday , grassley explained why the senate version of tax reform includes a traditional republican repeal of the estate tax : grassley was adamant about the need for change , even if farmers and small business owners represent a tiny minority of estate tax payers .
that will represent a victory for republicans in iowa ’s congressional grassley : ending estate tax recognizes investors over spenders enlarge this image toggle caption j. scott applewhite ap j. scott applewhite ap iowa republican sen. chuck grassley , commenting on the gop tax overhaul , tells the des moines register that ending the estate tax is about rewarding people who invest over those who spend everything they earn on " booze or women or movies . "
( photo : mari matsuri , afp getty images ) if the tax reform packages that have now passed the u.s. house and senate become law , at least one thing appears likely : the federal estate tax will be slashed and perhaps eliminated altogether .
learn more as arguments for repealing the estate tax go , chuck grassley certainly … has one .
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“ i think not having the estate tweet with a location you can add location information to your tweets , such as your city or precise location , from the web and via third - party applications .
a promise to end the so - called death tax , grassley framed the current law as a hindrance to responsible saving .