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FROM THE COMMITTEE ON WAYS AND MEANS
FOR IMMEDIATE RELEASE Contact: Trent Duffy or Greg Crist
April 4, 2001 (202) 225-8933
Death Tax Elimination Act Now Scores at $185.5B
Over 10 Years
HR 8 Re-estimated to Save Taxpayers $185.5B Over 10 Years,
Rather Than $193B As Was Originally Scored by JCT
WASHINGTON – Due to an error in estimating, the Joint Committee on
Taxation (JCT) has revised its 10-year revenue estimate for HR 8, the Death Tax
Elimination Act of 2001. The JCT original estimate of the revenue impact of the
legislation was $193B over 10 years. The JCT revised estimate is now $185.5B
over 10 years.
To view JCT’s revised revenue estimate for HR 8, visit its
website at www.house.gov/jct/x-23-01.pdf.
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