California Estate Planning Blog by Kevin Staker

October 12, 2010

Excellent Article on Game Theory and the Estate Tax Chaos in Congress

Filed under: Kevin Staker,Other Kevin Staker Blogs — Kevin Staker @ 4:19 pm
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Donald B. Susswein in an article at benzinga .com has a great application of game theory to the estate tax chaos in Congress.  His analysis largely agrees with this author’s postings regarding the game of chicken going on between the Democrats and the Republicans.  He points out that in the lame duck session President Obama and the Democrats can argue the Republicans are holding the middle class tax cuts “hostage”.  On the other hand, assuming we end up with a Republican Congress (at least a majority in the House and enough moderate Democrats in the Senate) to pass a tax act extending the tax cuts for all income levels, then the President and the Democrats will be labeled as holding hostage the tax cuts for the middle class if the President vetoes such a bill.
By Kevin Staker

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