Plus, more on U.S. tax reforms.
| A stronger estate tax in the United States Over the next several decades, a substantial share of wealth in the country will be passed down within families in a way that maintains family dynasties and increases wealth inequality. In a new analysis, William G. Gale, Oliver Hall, and John Sabelhaus discuss how to tax America’s “Great Wealth Transfer.” |
| More on tax reform A long-overdue look at the property tax system. Because U.S. localities rely heavily on property taxes, it will become increasingly difficult to raise regular and adequate revenue for local governments where climate change is taking a heavy toll.Vanessa Williamson and Ellis Chen discuss the stakes. A bigger, easier target for the Department of Government Efficiency (DOGE). “Whether through broad reforms, narrow changes, or a combination of the two, tax expenditures present opportunities for the kinds of change DOGE leaders have been tasked with. The incoming Trump administration and the Republican majority in Congress would be wise to give them an overhaul,” William G. Gale writes. |
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