Foreword
Until Hurricane Katrina struck the U.S. Gulf Coast on August 29, causing widespread death and destruction in Louisiana, Mississippi, and Alabama, the Republican-dominated Congress was on track to move forward with an ambitious tax cut agenda. But the cost of helping displaced families and rebuilding devastated areas, combined with rising gasoline prices, may have put those plans on hold as Congress grapples with new budgetary realities.One of the tax cut measures favored by the White House and Republican congressional leaders is repeal of the estate tax — a Federal tax on the transfer of property at death, one of the…
