Abstract
This brief commentary argues that Congress is unlikely to do anything dramatic with estate tax reform in 2012 – either allowing the tax to return to its Year 2000 levels, of a $1 million per person exemption and a 55% tax rate, in January 2013 or repealing the tax in full – because Congress has a financial interest in keeping the issue alive to generate campaign contributions for those both supporting and opposing the tax.
Disciplines
Estates and Trusts | Law | Law and Economics | Legislation | Politics | Taxation-Federal Estate and Gift | Tax Law
Date of this Version
8-14-2012
Recommended Citation
Edward J. McCaffery, "The Dirty Little Secret of (Estate) Tax Reform" (August 2012). University of Southern California Law and Economics Working Paper Series. Working Paper 153.
http://law.bepress.com/usclwps-lewps/153
Included in
Estates and Trusts Commons, Law and Economics Commons, Legislation Commons, Politics Commons, Taxation-Federal Estate and Gift Commons, Tax Law Commons
