The Wall Street Journal’s Review & Outlook noted that several states across the country are considering legislation to abolish state death taxes. In its editorial the Journal characterizes state death taxes as “spectacular failures as revenue raisers” and outlines the economic case against such taxes, pointing to recent Laffer Center research on the economic consequences of Tennessee’s estate and gift tax.
Read the full Wall Street Journal editorial here.
At the Texas Public Policy Foundation: © Copyright 2011 The Laffer Center