House-Passed Superwaiver is Even Worse Than Earlier Versions

The Administration's "superwaiver" proposal that passed the House on May 16 as part of welfare reform (H.R. 4737) would provide cabinet secretaries with new, far-reaching authority to approve state applications to waive federal laws and regulations affecting a number of programs -- even more than earlier versions indicated.

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House Passes $29.6 Billion Supplemental

Before adjourning for its week-long Memorial Day recess, the House passed the President's emergency supplemental appropriations bill on May 24, in a 280-138 vote. Supplemental appropriations bills, such as this one, are common tools to bridge the gap between one fiscal year's appropriations and the next. This $29.6 billion supplemental, $2 billion more than the President's initial $27.1 billion request, will provide added funding for this fiscal year, which ends September 30.

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Citizens for Tax Justice: Estate Tax Questions

Citizen for Tax Justice provides answers to many of your questions about the history of the estate tax and reasons for maintaining the tax.

CTJ Estate Tax Analysis

More from CTJ

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NETWORK: A National Catholic Social Justice Lobby -- Position Paper

NETWORK opposes the permanent repeal the estate tax. As millions of people – parents and children, the elderly, people with disabilities, and the working poor – are forced to meet their most basic needs through charity, we are dismayed that the focus of attention is not on meeting their needs, but is on furthering tax cuts that will benefit the most affluent.

Read the full NETWORK Position Statement on Permanent Repeal of the Estate Tax

More on Tax Issues from NETWORK

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Independent Sector Policy Position on the Estate Tax and Charitable Tax Bequests

Read Independent Sector's Policy Position on the Estate Tax.

The statement outlines the negative effects of estate tax repeal on charitable giving.

More from Independent Sector.

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The Charitable Implications of the Estate Tax

The estate tax generates a significant amount of charitable contributions. In 1999, estate tax filers paid approximately $28 billion in gift and estate taxes, and made charitable bequests of nearly $15 billion.

The estate tax plus charitable bequests is an important infusion of capital into our society for public benefit. Overall, the combination of bequests and estate/gift tax payments amounts to an annual infusion of $45 billion addressing public and charitable needs.

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State Fact Sheets

Number of Estates $3.5m and over:
Returns as Percent of Decedents:
Average Estate (in millions):

Data above prepared by Judy Xanthopoulos, Ph.D., Quantria Strategies, LLC
Estate tax returns by size of gross estate are estimates based on IRS public use Federal and State estate tax data, including "Estate Tax Returns Filed in 1999" and “Estate Taxes by State of Residence of Decedent, 1999.”
Click here for further explanation

Between now and the end of June, Senators Phil Gramm (R-TX) and Jon Kyl (R-AZ) will offer an amendment to permanently repeal the estate tax. Some form of an estate tax has been around throughout this country’s history, with the current form introduced in 1916. Last year, the tax was modified to gradually increase the amount of an estate that is exempt from taxation to $3.5 million, and to lower the top marginal tax rate, between now and 2009. In 2010, the estate tax will be repealed for one year, before reverting to the law in place before last year’s legislation.
These 1-page fact sheets outline the reasons so many residents of every state oppose the Gramm/Kyl amendment, and support permanent, responsible reform of the estate tax. For each state, the information on these fact sheets includes:

The cost of repealing the estate tax for the country as a whole
What the money spent on estate tax repeal could be used for in the state
Number of estates valued at $3.5 million or more in the state
The Number of Family Farms in the state
Number of Small Businesses in the state

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Frequently Asked Questions About the Estate Tax

Q: Isn’t the estate tax a form of “double taxation?” First people have to pay income tax on earnings and then they pay again when they die because of the estate tax?

A considerable portion of most estates are assets that have appreciated during the decedent’s lifetime on which no income taxes have ever been paid, since inheritances are exempt from income tax and capital gains taxes are only paid on assets that are sold or transferred.

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Fact Sheets on the Estate Tax

3 Downloadable Fact Sheets on the Estate Tax -- in PDF format for easy printing:

The fact sheets listed below require Adobe Acrobat Reader --
To download the most recent version for free, click here
(If you cannot access the files through the links, right-click on the underlined text, click "Save Link As," download to your directory, and open the document in Adobe Acrobat Reader.)

About the Estate Tax
Frequently Asked Questions About the Estate Tax
Charitable Implications of the Estate Tax

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About the Estate Tax

General information about the estate tax.

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