On February 20, 2010, Jay Heflin posted Warren Buffett, Bill Gates, other super rich may pay price for estate tax fix on The Hill's Blog Briefing Room. The entry suggests that a "toll charge" on charitable foundations could be considered in reforming the federal estate tax:
The Gates Family Foundation – arguably the biggest charity in the world with assets over $35 billion according to 2008 records – is in the crosshairs of Sens. Jon Kyl (R-Ariz.) and Blanche Lincoln (D-Ark.), who see it as a money pot to help pay for a legislative fix for the estate tax.
Well-placed sources say the senators might create a “toll charge” on charitable foundations that would sock Democratic heavyweights like Bill Gates and Warren Buffet. . . .
Neither of the senators’ offices would confirm that they are considering a change to family foundations’ tax status, but sources said such a charge could raise enough revenue to reinstate the estate tax to a rate lower than 2009 levels, when estates worth more than $3.5 million were taxed at a top rate of 45 percent. . . .
Sources say the Joint Committee on Taxation has been asked to score the toll charge. The committee would not confirm this.
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In another entry on The Hill's Blog Briefing Room -- Kyl: Time to act on estate tax (2/23/2010) -- Heflin reports that Senate Minority Whip Jon Kyl [R-AZ] "discounted the idea" of a "toll charge":
Well-placed sources say the senators might create a “toll charge” on charitable foundations that would sock Democratic heavyweights like Bill Gates and Warren Buffet. Kyl discounted the idea, but said nothing had been agreed to.