Estate Tax Battle Taking Shape | American International Automobile Dealers |

Estate Tax Battle Taking Shape American International Automobile Dealers : "Estate Tax Battle Taking Shape
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Apr. 6--WASHINGTON -- Tax reform, a top priority of the Bush administration, faded from the political stage as the nation became embroiled in a battle over Social Security.

But the issue soon will re-emerge as Congress resumes debate over whether it should permanently repeal the estate tax imposed when people die and leave their assets to their heirs.

House and Senate members have proposed bills for permanent repeal, and House members could take action as early as next week.



Apr. 6--WASHINGTON -- Tax reform, a top priority of the Bush administration, faded from the political stage as the nation became embroiled in a battle over Social Security.
But the issue soon will re-emerge as Congress resumes debate over whether it should permanently repeal the estate tax imposed when people die and leave their assets to their heirs. In 2001, Congress voted to reduce the tax until it is eliminated in 2010. But it is set to return in 2011. "