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.
Estates and Trusts | Law | Law and Economics | Legislation | Politics | Taxation-Federal Estate and Gift | Tax Law
Date of this Version
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.