The budget deal struck late Thursday by the White House and congressional leaders includes a pledge to reduce estate taxes.

How much to cut the tax has not been decided. But two of the major banking associations are working the issue from different perspectives. The American Bankers Association wants to double the current $600,000 estate tax exemption while the Independent Bankers Association of America wants to target relief to family farms and small businesses.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.