VillageSoup - Government News - VillageSoup: "Message to Maine: Estate tax vs. death tax: reality vs. rhetoric
By Tom Allen
WASHINGTON, D.C. (Aug 22, 2005): Since George W. Bush moved into the White House and Republicans took control of Congress, they have sought total repeal of the federal estate tax.
They temporarily succeeded in 2001, approving a law that reduced this tax gradually until eliminated in 2010. However, under this legislation, in 2011 the estate tax is scheduled to go back to 2001 levels. Congress will have to remedy this arbitrary and bizarre bit of budgetary and legislative trickery.
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