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