According to watchdog group Public Citizen, an aggressive lobbying effort to repeal the estate tax has been largely funded and directed by 18 “super-wealthy” families. Those 18 families are worth a total of $185.5 billion.
That’s right. That’s an average of $10 billion per family.
That kind of money can buy a lot of votes in Washington. And it’s money well spent. According to the report, repealing the estate tax would save the families about $72 billion. And in the first decade, it would cost the U.S. treasury a trillion dollars.