An Estate Tax Victory by Any Other Name

by Chuck Collins

Sometimes you can't declare victory until the other side concedes defeat. That's what happened Monday in the decade-long struggle over the future of the federal estate tax, our nation's only levy on inherited wealth.

The coalition of corporate lobbyists and wealthy families, including the U.S Chamber of Commerce and the National Federation of Independent Businesses, dropped their long standing call for complete abolition of the tax [1], shifting their lobby resources into weakening the law.