Federal Tax Policy | Center for Effective Government

Repeal of the Estate Tax: Impact on Nonprofits

An overview of the estate tax and the impact repeal would have on the ability of nonprofits to serve their communities.

Is Estate Tax Repeal Really About Helping Small Businesses and Family Farmers?

A major reason cited for repealing the estate tax is that it “is killing family business,” including family farms. But the facts simply do not support this contention. FAMILY FARMS

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The Estate Tax and Charitable Giving

OMB Watch has noted that repeal of the estate tax would have three adverse impacts: it would increase concentrations of wealth and power; it would sharply curtail charitable giving; and it would reduce federal revenues likely causing cuts in programs serving low-income and vulnerable families. In this fact sheet we begin to explore the connection between charitable giving and the estate tax.

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Budget News -- Jan. 1, 2000 -- Dec. 31, 2000

The following are federal budget policy analyses and updates from OMB Watch issued during 2000.

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Tax Cuts VS. Everything Else

We can either choose to pay now, or we will have to pay later -- preventing social ills is much cheaper in the long run. From a purely economic standpoint, many economists agree that a return to deficits is not a problem -- running a surplus would actually be more of problem -- and that this economic climate prescribes more government spending, not less.

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Economic Stimulus Proposals Resource Page

The following are analyses, updates and action alerts from OMB Watch and other organizations on the Fall 2001 - Spring 2002 attempts to create an "economic stimulus package."

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Facts on Corporate Welfare

Average taxpayers pick up an expensive tab for corporate welfare expenditures. Government spending for corporate welfare programs far exceeds government spending for social programs.

Fact: Spending for corporate welfare programs outweighs spending for low-income programs by more than three to one: $167 billion to $51.7 billion (source: Aid for Dependent Corporations, from the Corporate Welfare Project and How Much Do We Spend on Welfare?, from the Center on Budget and Policy Priorities, FY 95 figures)
Fact: Total federal spending on a safety net for the

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Estate Tax and Government Revenue

Because of the debate over repeal of the estate tax, OMB Watch has produced a series of articles providing background on the tax. This fact sheet focuses on the impact the estate tax has on government revenue. As with other discussions of the estate tax, we include the gift tax and generation-skipping transfer taxes in the discussion when we use the term estate tax, since it is a unified tax.

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OMB Watch Press Release: Estate Tax Preserved

Estate Tax Preserved: A Victory for Amercia's Charities For Immediate Release May 26, 2001 Contact: Ellen Taylor 202/234-8494

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Impact on the States

Most state treasuries benefit directly from the estate tax by "picking up" a portion of the federal estate taxes paid by estates in their states. The following analyses detail the impact full repeal of the estate tax will have on each state.

The National Priorities Project's analysis of the impact repeal of the estate tax would have on each state. These 2-page reports also examine the impact of the estate tax on family farms and businesses, as well as the income inequality issues the estate tax attempts to adjust.

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