Wednesday, July 26, 2006

Bloomberg.com: Worldwide-"House to Vote on Estate Tax This Week,

Bloomberg.com: Worldwide: "House to Vote on Estate Tax This Week, Hastert Says (Update2)

July 26 (Bloomberg) -- The House of Representatives will vote this week on legislation that combines a reduced estate tax with a measure renewing two-dozen expired breaks for business including a research credit, House Speaker Dennis Hastert said.

Lawmakers decided yesterday to remove the package of renewed tax breaks from broader pension legislation and attach them to a measure reducing the tax on multimillion-dollar estates because the business breaks have broad support in both political parties.

``We'll get the pension bill done, and move forward and pass a piece of legislation that deals with the extenders and inheritance tax,'' Hastert, an Illinois Republican, told reporters today on Capitol Hill."
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