Abstract
This article examines the Bush Administration’s proposal, as part of its proposed fiscal year 2005 budget, to extend permanently the repeal of the federal estate tax. The article considers the budgetary impact of permanent estate tax repeal and discusses procedural impediments to use of the reconciliation process for permanent tax cuts. The article also notes the possibility of a durable compromise solution involving retention of the estate tax with lower rates and a higher exemption.
Disciplines
Accounting Law | Banking and Finance Law | Estates and Trusts | Law and Economics | Taxation-Federal Estate and Gift | Tax Law
Date of this Version
October 2004
Digital USD Citation
Burke, Karen C. and McCouch, Grayson M.P., "Estate Tax Repeal and the Budget Process" (2004). University of San Diego Law and Economics Research Paper Series. 2.
https://digital.sandiego.edu/lwps_econ/art2
Included in
Accounting Law Commons, Banking and Finance Law Commons, Estates and Trusts Commons, Law and Economics Commons, Taxation-Federal Estate and Gift Commons, Tax Law Commons
Comments
vol. 104 of Tax Notes at p. 1049 (Sept. 6, 2004).