With lawmakers on August 31 nearly ready to return to work and the debate over repealing the estate tax heating up, conspicuously missing from that conversation is President Bush.
Thursday, September 01, 2005
Katrina and Estate Tax Repeal
This country's response to Katrina will rely primarily on two sources of funding: govenmental programs and programs run by charitable organizations. It is estimated that full estate tax repeal would reduce federal revenues by $1 Trillion over a 10 year period. It would also dramatically reduce contributions to charities. Perhaps this explains the report today in Kleinrock that: