During a speech in Indianapolis on Wednesday, Donald Trump said ending the estate tax would “protect millions of small businesses and the American farmer.”
Our ruling
Trump said that ending the estate tax would “protect millions of small businesses and the American farmer.”
That’s a ridiculously high estimate. Only 5,460 estates even pay the tax each year, according to a credible estimate, and of those, about 80 represented small businesses or farms.
We rate the statement Pants on Fire.
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