California Estate Planning Blog by Kevin Staker

December 14, 2010

It Is All Over But the Shouting

Filed under: estate tax,estate tax news,Kevin Staker — Kevin Staker @ 1:52 pm

There are additional signs The Tax Act will pass as is.  House Majority Leader Hoyer states the House will have a vote on an amendment changing the estate tax provisions to the 2009 level ($3.5M exemption, etc.).   However, would likely be a symbolic vote of protest.  Might not even pass if enough Blue Dog Democrats join all the Republicans (bet you a lunch even my hero spending hawk Rep. Flake will even vote in favor)  Even if the amendment passes, the 83-13 vote on cloture in the Senate and the public opinion polls showing the American public overwhelmingly favors it indicate the Senate Republicans will then say no.  The House will capitulate and they will all go home for Christmas.

Wonder where the Salon article got the title for their article yesterday: Tax cut deal: All over but the shouting? See my article of yesterday.

By Kevin Staker


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