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House Prepares for Action Affecting Estate Taxes

House Prepares for Action Affecting Estate Taxes

On August 1, it was another busy day in Washington as Congress aimed to finish business (for now) on key items, including House consideration of an extension of current income, capital gains, dividend and estate tax parameters. House Action Today – The House was...

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House Passes Tax Extension Package

House Passes Tax Extension Package

August 1 was a significant day in the ongoing congressional battle over tax policy. Levin Amendment – During consideration of the Republicans’ one-year tax extension bill, Congressman Sander Levin (D-MI) offered an amendment to replace the measure with the...

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Estate Tax Action on the Senate Floor

Estate Tax Action on the Senate Floor

On July 25, intense activity in tax policy debate returned, and estate tax relief is back in the center of attention. Floor Action Today – As we reported on July 19, Senate Democrats have removed the estate tax provisions from their one-year tax extender measure,...

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Senate Completes Tax Votes for Now

Senate Completes Tax Votes for Now

The Senate Republican proposal, which would have extended current rates for all taxpayers and preserved the 35/5 estate tax parameters, was defeated by a vote of 45-54. 44 of 47 Republicans and Democratic Senator Mark Pryor (D-AR) supported the amendment. 52 of 53...

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Congress Seeks Offset for Payroll Tax Relief

Congress Seeks Offset for Payroll Tax Relief

Leaders of both parties are preparing outlines of legislation to extend or provide additional payroll tax relief, neither of which are expected to impact estate, gift and generation-skipping transfer (GST) taxes. Policy and Taxation Group is paying close attention to...

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