Future of estate tax depends on justice - Bangornews.com Staff

Future of estate tax depends on justice - Bangornews.com Staff: "Future of estate tax depends on justice
Tuesday, August 09, 2005 - Bangor Daily News

Efforts to repeal the federal estate tax are on hold right now, but when the Senate resumes deliberations after its August break this contentious issue is sure to reappear. Maine's two moderate Republicans are already targets of intense lobbying efforts.

Familiar arguments about self-reliance, creating wealth rather than taxing it, and the virtues of small business will be trotted out in an effort to promote estate tax repeal. Such arguments are misleading. Maine's senators can do more to broaden economic opportunity and foster the interests of small businesses by supporting reform rather than repeal of the estate tax.