Democratic leaders on the House Ways & Means Committee today announced that they would seek to pass by December 31 a one-year extension of the current estate tax ($3.5 million exemption and 45% top rate) for 2010, to avoid the scheduled repeal of estate tax in 2010.
Yesterday, Senators Thomas R. Carper (D-DE) and George V. Voinovich (R-OH) introduced S.2784, a bi-partisan measure that would make permanent the current $3.5 million exemption and 45% top rate, but indexed for inflation (see here).
- Wall Street Journal, House Democrats To Ditch Permanent Estate Tax Bill For 1-Year Fix
