Corey Boles with the Dow Jones Newswire reports that House Majority Leader Hoyer believes the House Ways and Means Committee will take up the issue of the estate tax in June. He believes the committee will address the expiration of the “Bush Tax Cuts” that will otherwise occur on January 1, 2011. Those would include the income tax cuts but also the estate tax:
Hoyer also said he expected work to begin soon on legislation to renew the estate tax, which expired at the end of 2009. He said he didn’t know whether the two tax measures would be rolled into a single piece of legislation or passed separately.
The article is located at http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201004271119dowjonesdjonline000339&title=us-rep-hoyerwork-to-begin-on-renewing-bush-tax-cuts-in-june#ixzz0mKAfBopo
By Kevin Staker