Compromise on estate tax - OrlandoSentinel.com: Opinion: "EDITORIAL
Compromise on estate tax
Our position: Katrina's huge cost is another good reason not to repeal the federal tax.
Posted September 8, 2005
When U.S. Senate leaders dropped plans to vote this week on permanent repeal of the estate tax, Hurricane Katrina succeeded where fiscally responsible members of Congress had failed.
Estimates of Katrina's cost to the federal government now top $100 billion. This is no time for Congress to do away with the estate tax. A repeal would add $290 billion to deficits over the next decade, according to Congress' Joint Committee on Taxation."
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