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