THE ESTATE TAX DEBATE
America currently has one of the highest levels of estate taxes in the
world
as well as the lowest level of savings as a percent of GDP.
Social democratic states like Norway and Sweden have abolished the estate tax.
2017 was a serious lost opportunity for estate tax reform.
While the exemption was raised, the tax remained.
We have put together an assortment of links that explain both sides of
the argument,
as well as which groups are working to either increase or
repeal the estate tax.
Check out the links below and form your own opinion on estate tax reform.
Charts Time to Repeal (Longer) Charts New
WHAT IS THE ESTATE TAX?
What is the Estate Tax in the United States? (Wikipedia)
Introduction to Estate and Gift Taxes (IRS)
Historical and Future Federal Gift Tax Exemptions and Rates
ARGUMENTS FOR REPEALING THE ESTATE TAX
Estate Tax Fails on All Fronts, Says New Joint Economic Committee Republican Study (Joint Economic Committee Republicans)
Estate Tax Even Worse than Republicans Say (Tax Foundation)
U.S. Public Opinion Opposed to Estate Tax (Forbes)
Economic Case Against the Death Tax (Federal Estate Tax) Heritage Foundation
GROUPS WORKING TO REPEAL OR REDUCE THE ESTATE TAX
American Business Defence Foundation
Family Business Coalition Twitter Facebook
Policy and Taxation Group Facebook Twitter
NATIONAL FEDERATION OF INDEPENDENT BUSINESS
Relief from the Estate Tax (National Federation of Independent Business)
Family Business Estate Tax Coalition
Letter to Congress on Fiscal Cliff PDF (2012)
Groups push to rein in estate tax (The Hill) (2012)
Repealing the Federal Estate Tax (CATO Institute PDF)
ARGUMENTS FOR INCREASING THE ESTATE TAX
It's Fair, and We Need the Revenue (The Wall Street Journal)
The Myths and Realities Behind the Estate Tax (Center and Budget Policy Priorities)
GROUPS WORKING TO RAISE ESTATE TAXES
Americans for a Fair Estate Tax Coalition
TAX RATES PER YEAR
OLDER ESTATE TAX BILLS
2017
133 organizations support these bills.
H.R. 1105 Death Tax Repeal Act of 2015
Kevin Brady's Bill
Passed by US House of Representatives
OLDER BILLS
H.R. 2429: Death Tax Repeal Act of 2013
Mac Thornberry's Bill
H.R. 147: Death Tax Repeal Act of 2013
Tim Griffin's Bill
SENATORIAL ATTEMPTS TO REPEAL ESTATE TAX
John Thune's Bill
S. 1183: Death Tax Repeal Act of 2013
John Boozman's Bill
S.1402 Death Tax Repeal Act of 2013
No Cosponsors