The Shape of Tax to Come

A Tax & Estate Planning blog for 21st-century Texans

Real Movement on the Estate Tax?

Talks between Senators Reid and McConnell might be moving towards a solution for the estate tax mess. While nothing is final yet, it seems that there is movement to return to the 2009 tax and exemption levels. Reid is trying to tie this in with a jobs bill so that it will force Republicans to get on board for that as well, but should they go for that? I think it might be a better play to have an estate tax-only bill that solves this mess, rather than trying to force everything through in a massive bill. After all, Congress barely does one thing correctly at a time, much less multiple things. Also, it would allow Democrats to lay some of the blame of the almost-certain-to-fail jobs portion of the bill on the Republicans if they vote for it.

Read the article from The Hill here

February 10, 2010 - Posted by | Uncategorized

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