Article on Estate Tax Reform

Edward J. McCaffery (Robert C. Packard Trustee Chair in Law and Professor of Law, USC) recently published an article entitled, The Dirty Little Secret of (Estate) Tax Reform, 65 Stand. L. Rev. Online 21. The abstract from SSRN is provided below:

This brief commentary argues that Congress is unlikely to do anything dramatic with estate tax reform in 2012 – either allowing the tax to return to its Year 2000 levels, of a $1 million per person exemption and a 55% tax rate, in January 2013 or repealing the tax in full – because Congress has a financial interest in keeping the issue alive to generate campaign contributions for those both supporting and opposing the tax.