Tuesday, November 9, 2010

Mankiw on the estate tax

http://www.economics.harvard.edu/files/faculty/40_npc.pdf

Good remarks from Dr. Mankiw concerning the estate tax. There is currently no estate tax for 2010 but the tax will revert to 2001 rates in January if Congress does nothing.

What Congress should do is permanently repeal the estate tax and Dr. Mankiw does an excellent job of explaining why.

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