Washington Bureau - bizjournals.com: "Two other priorities for the small business community -- estate tax repeal and association health plans -- await action when Congress returns in September.
Groups that favor permanent repeal of the estate tax will spend August lobbying senators. The tax, which is levied on inherited assets, will be phased out in 2010 but will return in 2011 unless Congress takes additional action.
The House has passed legislation to make estate tax repeal permanent several times. The Senate will vote on this legislation as soon as it returns to Washington, but most observers doubt the bill will get the 60 votes needed to overcome procedural hurdles."
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