Cohn: Trump plan will repeal so-called death tax on estates

During a press conference at the White House, National Economic Director Gary Cohn stated that Trump plan will repeal so-called death tax on estates.

Key quotes (via Reuters):

• Married couple won't pay taxes on the first $24,000 they earn under Trump plan
• Administration will repeal alternative minimum tax under Trump plan
• Trump plan will protect home ownership tax benefit, but will eliminate most other breaks
• Trump plan also will protect charitable giving and retirement savings tax benefits