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Posts by Chloe Cho

State-by-State: Costly Estate Tax Repeal Benefits Only Few Wealthiest Estates

September 12, 2017

With Republican leaders calling for repealing the federal estate tax in the upcoming tax debate, we’ve updated our estimates showing that the tax affects very few estates in each state and that its repeal would provide windfall tax cuts to the wealthiest heirs (see...

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Senator Flake Busts Estate Tax Myths

August 11, 2017

Republican Senator Jeff Flake busted several myths about estate tax repeal, a central part of both President Trump’s and the House GOP’s tax plans, in a recent interview with Bloomberg View. He noted that the tax has...

Number of Estates Facing Estate Tax Has Plummeted

Trump Budget Continues Squeezing NDD Programs with Unmet Needs

June 6, 2017

As our recent paper shows, tight annual appropriations caps and sequestration budget cuts on top of them for the last seven years have caused a considerable decline in non-defense discretionary (NDD) programs,...


The Myth That the Estate Tax Threatens Small Farms

April 4, 2017

Update, April 5:  We’ve corrected a typo in the chart.

Ahead of tomorrow’s House Agriculture Committee hearing on tax reform, a group of agricultural trade associations have called for repealing the estate tax on inherited wealth, arguing that “all too often at the time of death, farming and ranching families are forced to sell off land, farm equipment, parts of the operation...

Only 50 Small Farms or Businesses Face Estate Tax

Trump 2018 Budget Slashes Domestic Programs that Are Already Underfunded

March 29, 2017

President Trump’s “skinny” budget for 2018 proposes cuts to non-defense discretionary (NDD) programs that would be particularly damaging because, as the chart shows, they target many programs that policymakers have already cut significantly over the past seven years. His budget boosts defense spending by $54 billion and raises funding for the Departments of Veterans Affairs and Homeland...

Trump Budget Slashes Departments That Are Already Far Below Their 2010 Funding Levels

No, the Estate Tax Isn’t a Heavy Burden on Small Businesses

January 19, 2017

Steven Mnuchin, President-elect Trump’s nominee for Treasury Secretary, expressed concern today about "farmers who worry about the death tax wiping out the family farms." Estate tax opponents frequently call for repealing the tax because, they say, it’s a burden for...

Only 2 Out of Every 1,000 Estates Will Owe Federal Estate Tax in 2016

State-by-State Look: Estate Tax Repeal Benefits Only Wealthiest Few

December 12, 2016

“The odds are good,” Senate Finance Committee member John Thune noted recently, “that we can repeal the estate tax” in the coming tax reform debate. He suggested “consensus support” for his 2015 proposal, to which House Ways...

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