Pending Legislation

House to Obama on Tax Agreement – No Go!

Posted on: December 9th, 2010
The House has decided not to vote on the tax cut agreement Obama reached with Republican leaders earlier this week. Particularly objectionable was the proposed $5 million estate tax exemption. From CNN.com: ...

Obama, Republicans Reach Deal on Tax Cuts

Posted on: December 6th, 2010
The agreement includes a two year extension on the Bush income tax cuts, and with regard to the estate tax (from the Washington Post): "The deal also would revive the estate tax, but it would exempt inheritances of up to $5 million for individuals and $10 million for couples. ...

More on the Middle Class Tax Cut Act of 2010

Posted on: December 4th, 2010
Senator Max Baucus, Chair of the Senate Finance Committee on Finance, introduced the "Middle Class Tax Cut Act of 2010" which would make the Bush income tax cuts permanent for those making under $250,000 per year. ...

Tax Breaks to Disappear in 2011?

Posted on: October 26th, 2010
Congress left Washington with a big pile of unfinished tax issues still on the table. Under tax laws enacted in the past decade, many popular tax provisions expired at the end of last year, or they expire at the end of 2010....

“Tax Hike Prevention” Act of 2010 introduced in Senate

Posted on: September 20th, 2010
The Tax Hike Prevention Act of 2010 was introduced in the Senate on September 13 as Senate Bill 3773 "to permanently extend the 2001 and 2003 tax relief provisions and to provide permanent AMT relief and estate tax relief, and for other purposes." ...

The Latest Estate Tax Proposal

Posted on: June 27th, 2010
Friday’s Wall Street Journal had an article on the latest estate tax proposal, from independent Senator Bernie Sanders and Democratic Senators Tom Harkin of Iowa, Sheldon Whitehouse of Rhode Island and Sherrod Brown of Ohio....
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