On June 18, 2010, CNN Money published Estate tax in limbo, by Jeanne Sahadi. This article reports on the confusion caused by the current state of the estate tax:
Lawmakers shocked the death rattle out of people by actually letting the estate tax lapse this year. Soon after, there was talk that they would reinstate the estate tax retroactively. Wrong again. Now halfway through the year, few expect that will happen.
Next expectation? Lawmakers absolutely, positively will come up with a more lenient version of the federal estate tax for 2011 than the one slated for currently.
Several key senators have been trying to cut a deal for months. Negotiations have stalled on more than one occasion.