Tax Returns - Bush Policy Review

The Center on Budget and Pollicy Priorities has just released a comprehensive review of Bush's tax policy.

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Towards a Long-Term Proactive Tax and Budget Campaign

In December 2003, OMB Watch released a paper citing the need for a proactive initiative promoting long-term action on federal tax and budget issues - to push for what we as a community want in federal tax and budget policy. We used this paper as a tool to begin discussions with a variety of people and groups.

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Estate Tax Reform Principles

The Americans for a Fair Estate Tax coalition recently issued a statement of principles on estate tax reform.

See Estate Tax Principles for the statement; and see FairEstateTax.org for more information on the estate tax.

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Unemployment Insurance Study

A new CBO study finds that unemployment insurance is important in maintianing family income after a job-loss, and "the program has succeeded in preventing temporary poverty for a significant fraction of long-term UI recipients."

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Americans For a Fair Estate Tax Statement on the Budget

The Senate is currently debating a 5-year budget plan that accelerates repeal of the estate tax to 2009. Here is the statement from Americans for a Fair Estate Tax on the proposed budget.

Statement on Senate Action on Estate Tax in FY2005 Budget

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Senate's Budget

The Senate Budget Committee has reported out a budget which includes includes $80.6 billion in tax cuts which would have reconciliation protection. Of this, around 3 billion is for repeal of the estate tax in 2009. The low cost figure is likely due to the fact that most of the revenue effects would take place outside of the 5 year budget window in 2010. The remaining $77 billion is used for the 3 "middle class" tax cuts - child credit, 10% bracket, and marriage penalty.

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Cost of Estate Tax Repeal

Acording to the Joint Committee on Taxation, making permanent an estate tax repeal would cost $206 billion over the next ten years.

See x-14-04r.pdf (application/pdf Object)

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