Skip to Main Content

Beth Kaufman Comments on Obama FY 2014 Estate Tax Proposals

July 15, 2013, Bloomberg BNA Daily Tax Report

Bloomberg BNA's Daily Tax Report spoke with Beth Shapiro Kaufman about the prospects of the Obama administration estate tax budget proposals advancing in the current Congress.  One provision would require a minimum term of 10 years for grantor retained annuity trusts, and another would increase the estate tax rate and decrease the exemption amount.  For the complete article, please visit Bloomberg BNA's website (subscription required).

Excerpt taken from the article.

"Once you get a proposal that's a revenue raiser that has been developed to that level, the odds are it will keep coming up," Beth Kaufman, an attorney with  Caplin & Drysdale , told BNA July 3. "It's kind of on people's short list."

Introduction is a far cry from enactment, however. "I just don't see estate and gift tax as being a big legislative area now," Kaufman said.

The new rates would be effective for estates of people dying, or transfers made in 2018—after Obama has left office—making it not much of a revenue raiser for his administration.

"This is just staking out a position," Kaufman said. "I really don't think they are going to come back to rates and exemptions in this presidency, period."


About Caplin & Drysdale
Celebrating our 55th Anniversary in 2019, Caplin & Drysdale continues to be a leading provider of legal services to corporations, individuals, and nonprofits throughout the United States and around the world. We are also privileged to serve as legal advisors to accounting firms, financial institutions, law firms, and other professional services organizations.

The firm's reputation over the years has earned us the trust and respect of clients, industry peers, and government agencies. Moreover, clients rely on our broad knowledge of the law and our keen insights into their business concerns and personal interests. Our lawyers' strong tactical and problem-solving skills -- combined with substantial experience handling a variety of complex, high stakes, matters in a boutique environment -- make us one the nation's most distinctive law firms.

With offices in New York City and Washington, D.C., Caplin & Drysdale's core practice areas include:
For more information, please visit us at
Washington, DC Office:
One Thomas Circle NW
Suite 1100
Washington, DC 20005
New York, NY Office:
295 Madison Avenue
12th Floor
New York, NY 10017


This communication does not provide legal advice, nor does it create an attorney-client relationship with you or any other reader. If you require legal guidance in any specific situation, you should engage a qualified lawyer for that purpose. Prior results do not guarantee a similar outcome.

Attorney Advertising
It is possible that under the laws, rules, or regulations of certain jurisdictions, this may be construed as an advertisement or solicitation.
© 2022 Caplin & Drysdale, Chartered
All Rights Reserved.

Related Professionals

Related Practice Area(s)