Choices: Weakening the Estate Tax: Putting our Future Prosperity at Risk

In 2001, Congress passed legislation that would lead to the phasing out of the estate tax. This tax affects only a very few wealthy Americans but full repeal would add more than $800 billion to our federal deficit by 2021. President Obama has proposed compromises to extend current levels into the future. This Choices explores the options.

By Nicole Witherbee, Ph.D.

Weakening the Estate Tax: Putting our Future Prosperity at Risk