White House: Obama to criticize GOP's 'fiscally irresponsible' plan to repeal estate tax

President Barack Obama is unhappy about plans by Republicans who control Congress to repeal the estate tax.

Continue Reading Below

Obama was traveling to Kentucky on Thursday to visit a Louisville-based technology company and discuss his concerns about t$300 billion cost of eliminating a tax that the White House says would affect relatively few people. White House spokesman Josh Earnest says that "fiscally irresponsible" approach won't help the country's middle class.

Republicans say repealing the tax would help farmers and small-business owners keep their businesses in the family.

A bill to eliminate the tax cleared a key House committee last month.

Obama planned to address economic issues again on Friday at Hill Air Force Base in Utah.

Utah and South Dakota are the only states Obama has yet to visit as president.