Americans hoping to leave an inheritance to their children would face a major blow if Kamala Harris is elected president. Vice President Harris says she plans to let a Trump tax exemption expire next year. That means the Estate Tax would kick in at a lower level -$5-MILLION- and impact a greater number of families. The tax is especially hard on those families who own businesses, ranches, or farms. In those cases the asset may have great value on paper, but not generate large cash flow. In many cases such assets would have to be sold off just so the descendants could afford to pay the IRS the dreaded “Death Tax”