Stimulate the Economy: Eliminate the Death Tax

Having spent trillions of dollars on economic stimuli and bailouts all while unemployment has continued to spiral out of control and jobs still scarce, it will be interesting to see what President Obama and Congress do regarding the estate or death tax. According to a new study (see release here), New Mexico could add some 8,930 new jobs at no cost to taxpayers if the federal estate tax were repealed. The full study is available here.
Not all taxes are created equal. The death tax disproportionately impacts small business owners and others who create large numbers of jobs. Eliminating this tax would go a long way towards promoting real job growth in New Mexico and around the nation.

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