On June 25, 2010, the Wall Street Journal published, Sanders Estate-Tax Proposal Would Hit Wealthy Harder, by Laura Saunders. Here are a few highlights:
The changes would be retroactive to Jan. 1 of this year.
"The Sanders proposal is one extreme in the current debate," said Clint Stretch, an analyst at Deloitte Tax. "The challenge for the Senate is whether the members can agree to anything at all." . . .
Iowa Sen. Charles Grassley, the highest-ranking Republican on the Senate Finance Committee, said "I welcome the other side's finally putting a proposal on the table."