The 110th Congress continues to talk a lot about the estate tax, but with no guarantees of action.
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Early debates in the Democratic-led Senate include a surprising amount of attention to the estate tax and a surprising amount of apparent support for an exemption no lower than $5 million and a rate no higher than 35%.
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The 2006 election placed the 110th Congress in Democratic hands, while the last estate tax efforts of the Republican-led 109th Congress may provide clues to what estate tax legislation will eventually look like.
The dramatic events of the 109th Congress (2005-2006) probably marked the end of serious effort to repeal the federal estate tax in this generation.
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October 24, 2005 In an effort to avoid the imposition of burdensome FATF derived regulations governing United States attorneys, the Department of the Treasury asked ACTEC and the American Bar […]
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