Estate tax could bring millions back to Missouri
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Estate tax could bring millions back to Missouri

Date: December 7, 2010
By: Michael Langenberg
State Capitol Bureau

Intro: 
Millions are at stake for Missouri's government under Obama's tax cut compromise presented to Congress. Michael Langenberg has more from Jefferson City.
RunTime:  0:39
OutCue:  SOC

Wrap: Missouri's budget director Linda Luebbering says Obama's compromise to bring back the estate tax could make Missouri wealthier.

On average, the state made 160 million dollars off the tax before the Bush-era tax cuts in the early 2000s.

But Luebbering says even if the estate tax comes back there's no guarantee Missouri will rake in the same amount of money.

Actuality:  LUEB4.WAV
Run Time:  00:09
Description: "It's one of those taxes that's very specific to the individual case so figuring exactly which of those would have what level of impact is impossible."

If the estate tax does come back, Luebbering says she doesn't know if the revenues would be shared with states.

From the state Capitol, I'm Michael Langenberg.