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issued a few hours later. jenna: if congress allows the bush tax cuts to expire at the end of the year the estate tax is going to return. this is a tax on the transfer of assets at the time of death. so when someone passes away and for example, gives you a gift in their will, this is a tax you have to pay on that. there are unattendant consequences of this, and the effects potentially on many small businesses like family farms. the fox business network s elizabeth mcdonald is live in new jersey with this story. amac, the government thinks of the estate tax as tax on the rich. why would it affect businesses like the one you re at now? it would affect businesses like we re at here in wycoff, new jersey, adma farms, because it exempts just $1 million, $1 million, from the estate tax which will rise to 55 percent, january 1st. and jenna, five senate democrats, including senator al franken and mr. sanders,