Wednesday, August 09, 2006

Grassley: Estate tax reform not dead

Senate Finance Committee Chair Chuck Grassley believes that the Senate's attention will return to estate tax reform in late September,reports Tax Notes Today ($). However, Grassley's prognostications have been notably weak this year. The new plan?
"I'm going to be pleading with the Democrat leader over the next month to let Democrats vote their conscience, and if he lets Democrats vote their conscience, we will get a compromise estate tax bill passed that will save farms and save family businesses."

I don't see Harry Reid being persuaded by that approach, but one never knows.

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