Partisan Reactions to S&P Downgrade Foreshadow Coming Tax Debate

Following S&P’s downgrading of the nation’s credit rating, the reactions of party leaders reflected their continuing disagreement on whether tax increases should be part of the nation’s approach to deficit reduction. Republicans blamed years of out-of-control...
House Plans for Permanence over Temporary Freeze

House Plans for Permanence over Temporary Freeze

October 23, 2009 Good news! On October 22, House Ways and Means Committee Chairman Charles Rangel (D-NY) publicly reported that his committee is preparing legislation to permanently freeze the estate tax at current levels instead of opting for a one-year freeze that...

House Passes Permanence Instead of One-Year Freeze

Dear Supporters: Over the last three months, we have worked strategically to move House leaders away from legislative proposals that would merely extend the current estate tax for one year or eliminate important valuation discount planning techniques. We are thus...

Kyl Pledges to Push for Estate Tax Relief on Small Business Bill

House leaders have begun to prepare to consider a small business bill that would include a provision limiting the use of grantor retained annuity trusts (GRATs). Today Senator Jon Kyl (R-AZ), our lead Republican ally in the Senate, pledged to offer an amendment to the...

Latest from Capitol Hill on Estate Tax Reform

By Jeff Cook, President & CEO, Policy and Taxation Group With families facing unprecedented uncertainty, the future of the estate tax on Capitol Hill remains an open question. After Congress passed the Economic Growth and Tax Relief Reconciliation Act (EGTRRA) in...

House Likely to Consider Another Bill Including GRAT Limitations

House Democratic leaders have announced that they plan to introduce and consider another bill that would include a provision limiting the use of grantor retained annuity trusts (GRATs). This second bill is expected to include many of the same provisions previously...