May 2008
Racial reform of the estate tax: A solution in search of a problem
A large package of tax cuts became law in 2001, including the gradual elimination of the federal estate tax. Those laws are set to expire in 2011, when the estate tax will revert to previous higher rates. The nearing expiration date has triggered a set of unaffordable and unfair proposals to radically lower, or even eliminate, the estate tax.