Paul L. Caron
Dean


Wednesday, September 30, 2009

Business Groups Seek Estate Tax Compromise

Following up on last week's post, The Estate Tax Legislative Battle:  forty-six business associations joined in a letter to Congress yesterday, abandoning their goal of repealing the estate and instead offering their support for Senator Kyl's proposal for a $5 million exemption ($10 million for married couples) and a  35% rate.  President Obama has proposed making this year's law permanent -- a $3.5 million exemption ($7 million for married couples) and a 45% rate.

https://taxprof.typepad.com/taxprof_blog/2009/09/business-groups.html

Congressional News, News, Tax | Permalink

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