I would like to thank everyone here for coming out to talk about a very important issue, the estate tax.
Today, I would like to talk about the current status of estate tax law and pending legislation; as well as some new research that measures what effect a repeal might have on charitable giving.
As you probably know, current estate tax allows people to deduct charitable donations from their estate, allowing them to reduce their tax burden. If you remove this incentive to give to charity, you will reduce the amount of charitable giving in this country.