[Hackensack Record] The Economic Growth and Tax Relief Reconciliation Act of 2001 phased out the estate tax by 2010, but it is scheduled to be restored, along with the rest of the 2001 tax changes, in 2011. The commentary argues that the federal estate tax is the most progressive tax in the federal system, an important backstop to the income tax, and protects an important source of revenue for the states. It recommends that the tax be reformed rather than abolished.

[Hackensack Record] The Economic Growth and Tax Relief Reconciliation Act of 2001 phased out the estate tax by 2010, but it is scheduled to be restored, along with the rest of the 2001 tax changes, in 2011. The commentary argues that the federal estate tax is the most progressive tax in the federal system, an important backstop to the income tax, and protects an important source of revenue for the states. It recommends that the tax be reformed rather than abolished.

June's First Tuesday forum looked at the 2001 tax cut from the vantage point of one year later. Panelists examined the features and consequences of EGTRRA; discussed the effects that tax cuts have on individuals, the economy, productivity, and government spending; analyzed the explosive growth of the Alternative Minimum Tax (AMT) and considered alternatives to it; and explored the political considerations of tax cuts.