Tuesday, May 02, 2006

Compromise likely on estate tax

From today's Washington Post, an indication that Republicans will be willing to settle for half a loaf of estate-tax relief:
Arizona Republican Sen. Jon Kyl said he was proposing a compromise because those who favor permanently repealing the estate tax -- who are mostly Republicans -- were unlikely to win. "We do not have the votes," he said.
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Kyl argued for a compromise that would set an exemption amount at $5 million for an individual and $10 million for a couple, indexed to inflation. He said the estates that are taxed should be taxed at the same rate as capital gains, currently 15 percent.

1 comment:

Jim Gust said...

This would be a big victory for the republicans--is there any reason to believe that the Democrats will go along?