Estate & Federal Taxes
The economy is not a force of nature. It is shaped by policy decisions, including decisions about what to tax, what to not tax, what to regulate, and what to not regulate. The policy decisions made over the last three decades are a major contributor to the surge in economic inequality since the 1980s. The growth that was promised when tax cuts for the rich were handed out did not materialize. And the gains that were made went disproportionately to the top.
Take action now to support a stong estate tax!
The federal estate tax is a vitally important component of our federal tax code. Since 1916, the estate tax has helped to slow the concentration of wealth and power in the United States. Instituting a stong estate tax will raise hundreds of billions of dollars of revenue over the next decade, while repealing it would add hundreds of billions to the deficit and force painful budget cuts. Our goal is to ensure that the nation maintains and strengthens its estate tax. Continue...
Tax Day and the Road Ahead
Looking ahead on the tax front, the House, Senate and President have all put forward budgets. All sides are doing their best to appear willing to compromise, but before a unified budget is passed, House Republicans, Senate Democrats and the Administration will all have to agree on the specifics. In other words, it’s unlikely that anything will happen soon.
