Wednesday, September 14, 2005

DesMoinesRegister.com

DesMoinesRegister.com: "Grassley: Estate tax repeal 'unseemly' in Katrina's wake

By JANE NORMAN
REGISTER WASHINGTON BUREAU
September 14, 2005

Washington, D.C. — It would appear 'unseemly' for Congress to push through a permanent repeal of the estate tax while also trying to come up with money for victims of the hurricane disaster in the Gulf, Senate Finance Committee Chairman Charles Grassley of Iowa said today.

Until recently, the Senate had been on track to consider a permanent repeal of the estate tax or 'death tax.' The tax generally is levied on the estates of those who die leaving behind $1 million or more in assets, according to the Internal Revenue Service. "

No comments: