PolicyArchive.org | About | All Collections
PolicyArchive is a comprehensive digital library of public policy research containing over 30,000 documents.
Publication Date: March 2008
Publisher: Center on Budget and Policy Priorities (Washington, D.C.)
Author(s): Aviva Aron-Dine
Research Area:
Keywords: Economic projections; Fiscal future; Tax code; Income diversity
Type: Report
Abstract:
Permanent repeal of the estate tax would reduce revenues by almost $1 trillion between 2012 and 2021, the first ten-year period in which its costs would be fully felt. With the economy slowing and deficits returning — and with far larger deficits projected for future years--there is increasing recognition that estate tax repeal is unaffordable. The estate tax “reform†proposal offered by Senator Jon Kyl, however, differs little from full repeal.