Jul 11, 2011 | Blog
Capitol Hill Prepares for Tax Votes As expected, President Obama delivered remarks at the White House on Monday in which he called for Congress to extend current rates only for individuals earning less than $200,000 a year ($250,000 for married couples). The President...
Jul 6, 2011 | Blog
As the President and Republican congressional leaders continue to dispute the inclusion of tax increases as part of a deficit reduction/debt limit extension package, as of July 4 it does not appear that harmful changes to estate tax policy are in the mix. The...
Jul 6, 2011 | Blog
On June 29, President Obama took his case that any debt limit extension should include tax increases directly to the people. Republican legislative leaders had previously walked away from negotiations due to their insistence that no tax increases be included. The...
Jun 29, 2011 | Blog
Deficit Reduction Talks Take Detour Last week Republican leaders walked out of the deficit reduction negotiations they had been participating in with Vice President Biden and Democratic lawmakers. House Majority Leader Eric Cantor (R-VA) and Senate Minority Whip Jon...
Jun 28, 2011 | Blog
Bipartisan legislation has been introduced in the House to repeal the estate and generation-skipping transfer (GST) taxes and retain step-up-in-basis (HR 1259). The bill is authored by Representative Kevin Brady (R-TX), a key leader on tax issues on the House Ways and...
Feb 11, 2011 | Blog
During consideration of the FAA transportation and safety bill on February 2, Senator Carl Levin (D-MI) offered an amendment that included an offset that would place new restrictions on grantor-retained annuity trusts (GRATs). The amendment, which was rejected by a...
