02/04/2010

Will the forthcoming Senate jobs bill also fix the federal estate tax?

Reporting on the Senate jobs bill that is expected to reach the Senate floor next week, Martin Vaughan writes about how the federal estate tax is being used by some senators as a negotiating tool:

One looming issue that Senate leaders will have to deal with are possible amendments on the estate tax, which a bipartisan group is trying to negotiate a compromise on. Some Democratic and Republican senators might seek a commitment from [Senate Majority Leader Harry] Reid to take up estate tax legislation later in the year, in exchange for agreeing not to offer estate-tax related legislation as an amendment to the jobs bill.

Senate Jobs Bill Takes Shape As Leaders Push Vote Next Week (NASDAQ, 2/4/10).

Feb 4, 2010 1:26:04 PM | # Progress in Congress, Martin Vaughan

The comments to this entry are closed.

NEXT POST
Is most estate planning on hold right now? In What Should You Tell Your Donors About the Estate Tax Uncertainty? (The Kristen Schultz Blog on Planned Giving, 2/3/10), Kristen Schultz writes, Many practitioners say that unless a person is likely to pass away in the next year, they won’t be revising plans. Also, most clients won’t bear the cost of making a change now only to have to change the plan again when Congress acts. In terms of settling estates, the majority of practitioners plan to put-off estate distributions, file a six month extension of the estate tax return and plan to file returns in 2011. By that...
PREVIOUS POST
Dick Patten argues that permanent repeal of the estate tax will create jobs In It's all about jobs, Dick Patten -- president of the American Family Business Institute -- argues that eliminating the federal estate will create jobs. Here is the closing paragraph: The estate tax destroys capital, discourages business expansion and reduces total employment. If President Obama wants a real jobs bill he will instruct Congress to pass legislation permanently and explicitly doing away with the counter-productive death tax. It would be far cheaper and far more effective than anything Washington currently is contemplating. These earlier blog entries mention Patten: Critiques of the federal estate tax (11/13/09) Arguments for repeal of the...

Hani Sarji

Lawyer

Steve Bainbridge
Hank Whittenberg
James Campbell
LindaMBeale
Candice Aiston
Kmrogers
Kevin Staker
Kyle Krull
Seth Godin
lvtfan
Dave Barnhart
malcolmgladwell
Joseph Hahn
The Typepad Team
JensenLaw

Search

My Other Accounts

Recent Comments