Yesterday’s editorial in the New York Times–“An Estate Tax Mess“–makes many of the same points as I tried to make in my post on December 24th.  In particular, the editorial discusses the new hardship created by repeal of the step-up in basis on inherited property.  It’s conclusion: “There will be many more losers than winners under estate-tax repeal, and the losers will be among Americans who are farther down the wealth ladder.”