Wednesday, November 18, 2009

November 30 target for estate tax reform

Tax Notes Today ($) reports this morning that the House hopes to take up estate tax reform the week of November 30. Sounds like a permanent extension of the $3.5 million exemption and 45% tax rate are not controversial, at least among Democrats, but they want to consider new jobs-related tax credits first.

Meanwhile, the Senate remains consumed by the health care debate.

I don't understand the advantage to any side of leaving this in limbo for so long.

1 comment:

JLM said...

CQ Today says House Democrats are unlikely to consider estate-tax legislation until after the Thanksgiving recess.