Institute for Research in Economic and Fiscal issues

IREF Europe - Institute for Research in Economic and Fiscal issues

Fiscal competition
and economic freedom

Death Tax: Time to Kill It Forever

The Heritage Foundation launches a campaign against the dreaded estate tax (also known as the "death tax") in the US. In the coming weeks, Congress will once again take up debate on the death tax, which expires for one year, beginning on January 1, 2010, before coming back in full force on January 1, 2011. Some in Congress are eager to prevent the death tax from expiring for even one year. Those that don’t want the tax to die will likely argue for a one-year extension of the tax at its current rate and exemption levels.

This would give them the opportunity to raise the tax higher in 2011. Another option could be a permanent extension of the tax at current levels. According to the Heritage Foundation scholars, neither is a good option. The death tax is a drag on America’s family-owned businesses, destroys jobs, and lowers the wages of workers while raising little revenue. Congress should repeal the estate tax once and for all to remove this unnecessary burden from the weakened economy.

Read more about the US death tax issue

Share this article :

Related contents ...

Taxing the web economy

UK 2017 Elections

Capital for the 21st Century

New Policy Paper Available: Taxing corporations: why it is not only bad, but unjust
by Pierre Bessard and Fabio Cappelletti

Any message or comments?

Show Form

 css js

By continuing browsing our website, you agree with our cookies policy

Monthly newsletter
Receive our publications for free