Dec 30 2012 ∞
“ Only a small handful of Americans would benefit from the more generous estate tax that Republicans are pushing for: Just 7,450 more estates — 0.3 percent of the country’s total — have benefited from the rates that were cut in 2010, according to the Center on Budget and Policy Priorities. The GOP proposal to keep the estate tax rates where they are, rather than reverting back to the 2009 levels that Democrats want, would cost $119 billion more over the next 10 years, the Treasury Department and Office of Management and Budget estimate.
— Anyway so this is apparently a big sticking point (or at least something that Republican Congress members want to be seen as a big sticking point) in the fiscal cliff negotiations. Here’s the CBPP study if you want to see what the article’s referring to.
(Source: Washington Post)