Protecting Our Priorities
The Hidden Costs of Repeal or Drastic Reduction of the Federal Estate Tax

Repealing the estate tax would cost tens of billions of dollars annually – totaling $1 trillion in just ten years. This report demonstrates how Senator Jon Kyl's (R-AZ) proposal to lower the estate tax rate to 15 percent and raise the exemption level to $5 million ($10 million for couples) would have similarly harmful effects on the deficit and funding for vital programs.

State-Specific Reports