Blog: The Fine Print

Estate Tax - Cost of Repeal

by Adam Hughes*, 1/26/2004

Federal Budget Policy, Federal Tax Policy, Federal Debt and Deficit, Spending Transparency, Long-Term Fiscal Gap, Revenue & Spending, Congressional Budget Office (CBO)

The CBO today released its baseline budget estimates for 2005-2014. Included in the document is the cost of extending the repeal of the estate tax.

For the 2005-2014 period, an extension of the repeal would cost $205.6 billion. See page 93 for details. The yearly breakdown is below.

Year, Revenue change 2004 -0.5 2005 -0.9 2006 -1.1 2007 -1.5 2008 -1.9 2009 -1.7 2010 -2.4 2011 -29 2012 -51 2013 -55.3 2014 -60.8 2005-2009 -7.2 2005-2014 -205.6

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