At a press conference yesterday, GOP gubernatorial challenger Bill Brady framed his proposal to repeal the Illinois estate tax as a boon for the state's agricultural economy (watch his comments here):
BRADY: Argiculture is a sustaining part of our economy. But like the rest of businesses throughout this state, it can't fall to the whims of Gov. Quinn's higher income taxes and fees. It struggles as well with the double taxation on gasoline and the estate tax penalty that penalizes so many people in Illinois.
Conservatives love to argue that the estate tax is squeezing the life out of small businesses and family farms in this country. But as the following chart shows (via Wonk Room), only a tiny percentage of the estates eligible for the tax actually fall into these categories:
Learn more about Illinois' most progressive tax here.