California Estate Planning Blog by Kevin Staker

September 16, 2010

It is Getting Interesting on the Estate Tax

Filed under: estate tax,Kevin Staker — Kevin Staker @ 1:07 pm
Tags: ,

Just as this blog predicted it appears the Senate Democrats are preparing to force a vote on taxes.  The Politico reports that Senate Finance Chair Baucus is preparing a tax bill to be brought to the Senate floor for a vote.  They state that the cost would be $2 trillion in tax cuts as opposed to the $4 trillion that would arise out of the Republican proposal.  Almost certainly the proposal will have the going back to 2009 estate tax fix.

This author believes the Democrats will get Voinovich and at least one other Republican to vote to prevent a filibuster and the bill will pass.   In the end they will not want to vote against a middle class tax cut.  And the estate tax fix will ride along with it.

It is getting interesting.

By Kevin Staker

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