Feenstra Says Massive Bill On Taxes, Spending, Regulations And More To Be Passed By Memorial Day

Washington, DC (RI) — Congressman Randy Feenstra of Hull says by this time next month the outline of a massive bill that includes extending current tax cuts should be developed.

Feenstra, a Republican, has served on the Ways and Means Committee since he became a member of the US House in 2021. President Trump said he wants a “big, beautiful bill” that will be the largest, most far-reaching piece of legislation ever passed by Congress. Feenstra says beyond taxing and spending, the bill will include both repeal of bureaucratic red tape as well as new government rules and regulations aimed at energy independence.

Feenstra says a key part of the package will be exemptions to the federal estate tax of between 18 and 41 percent that’s charged on inherited cash and property worth over 13 point six million dollars.

Iowa is now one of 38 states that do not have an estate tax. The STATE of Iowa’s estate tax was repealed on January 1st of this year.

Photo courtesy Richard Ludeke

Share:

More