
OMB Watch Goes on the Road with a State-by-State Analysis of the Estate Tax and Charitable Giving
by Guest Blogger, 10/17/2003
OMB Watch’s John Irons is on the road to promote a new study that details state-by-state analysis of charitable losses from the estate tax repeal.
From October 14 through October 24, Irons will be traveling the country to speak on the effects of estate tax repeal on charitable giving as well as the need to retain the estate tax as part of an overall fair tax system.
Americans for a Fair Estate Tax, United for a Fair Economy, the Fair Taxes for All coalition, and their local affiliates have organized the tour. Successful events were held in Portland, Oregon on Oct.15; Seattle, Washington on the 16th; and Portland, Maine on the 20th. Events are forthcoming in Cleveland and Columbus, Ohio on the 21st; Indianapolis, Indiana on the 22nd; Baton Rouge, Louisiana on the 23rd; and Little Rock, Arkansas on the 24th.
During the tour, OMB Watch is releasing a new report showing the effects of estate tax repeal on charitable contributions in each state. The state-by-state report follows on the recent analysis of the estate tax repeal by the Brookings Institute, which details the significant negative impact on charitable giving and totals a nationwide reduction through bequests and lifetime giving by approximately $10 billion annually. Using state-level data on charitable revenue, the new OMB Watch report estimates the state-by-state loss in charitable giving that would result from a full elimination of the estate tax. On average, states would lose $187 million in annual charitable giving.
The local estate tax briefings also discuss broader implications of estate tax repeal. The National Priorities Project has prepared a report called the Trillion Dollar Diversion, which describes the broader impact on state programs if the estate tax is repealed.
For information on events in your area, email estatetax-tour or taylore or call 202.234.8494.
