Activists: Estate tax repeal will cost Maine $166 million-year Monday,October20,2003,10:54 AM AUGUSTA (AP) -- Activists opposing the permanent repeal of the estate tax are saying the repeal will force more federal borrowing and deflect money for needed state programs into the pockets of the wealthiest two percent of Americans. The group released two reports Monday morning detailing the impact of repeal on Maine's biennial budget and nonprofit organizations in Maine. Unless the estate tax is permanently repealed, it will disappear in 2010 and reappear a year later. A 2001 law gradually reduced the tax rates on inherited estates and...
