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ebonlockvia No More Mr. Nice Blog:
With Congress preparing to reconvene in early September, Senate Majority Leader William H. Frist said a vote to fully repeal the estate tax will be tops on the to-do list.
Frist, a Tennessee Republican, has not wavered publicly from statements that the either the first or second bill of the September session would be a vote on a bill to repeal the estate tax beginning in 2005 -- meaning a vote is scheduled for the week of Sept. 6.
... According to the Joint Committee on Taxation the cost of a full repeal could be as much as $300 billion.
--WebCPA.com
I appreciate Harry Reid's response:
...Senator Harry Reid of Nevada, the Democratic minority leader, suggested that Republicans should drop plans to repeal the estate tax and concentrate instead on hurricane relief.
"Given the tragic and devastating events along the Gulf Coast, members of the Senate would have great difficulty explaining why we were debating the estate tax during our first days back when we know hundreds of thousands of families are suffering," Mr. Reid said in a letter to Senator Bill Frist of Tennessee, the Republican majority leader....
With Congress preparing to reconvene in early September, Senate Majority Leader William H. Frist said a vote to fully repeal the estate tax will be tops on the to-do list.
Frist, a Tennessee Republican, has not wavered publicly from statements that the either the first or second bill of the September session would be a vote on a bill to repeal the estate tax beginning in 2005 -- meaning a vote is scheduled for the week of Sept. 6.
... According to the Joint Committee on Taxation the cost of a full repeal could be as much as $300 billion.
--WebCPA.com
I appreciate Harry Reid's response:
...Senator Harry Reid of Nevada, the Democratic minority leader, suggested that Republicans should drop plans to repeal the estate tax and concentrate instead on hurricane relief.
"Given the tragic and devastating events along the Gulf Coast, members of the Senate would have great difficulty explaining why we were debating the estate tax during our first days back when we know hundreds of thousands of families are suffering," Mr. Reid said in a letter to Senator Bill Frist of Tennessee, the Republican majority leader....
