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Item Upon - House Estate Tax Compromise is Uncertain in the Senate
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The Permanent Estate Tax Relief Act of 2006 was drafted by Chairman of the House Ways and Means Committee Bill Thomas (R- Calif). It was passed through the house by a bipartisan vote of 269-156 on Thursday of last week.
Thomas says that the bill would give Americans "permanency and certainty for their estate tax planning." However, he admitted that the Senate vo
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The Permanent Estate Tax Relief Act of 2006 was drafted by Chairman of the House Ways and Means Committee Bill Thomas (R- Calif). It was passed through the house by a bipartisan vote of 269-156 on Thursday of last week.
Thomas says that the bill would give Americans "permanency and certainty for their estate tax planning." However, he admitted that the Senate vo
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Thomas says that the bill would give Americans "permanency and certainty for their estate tax planning." However, he admitted that the Senate vo
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Thomas says that the bill would give Americans "permanency and certainty for their estate tax planning." However, he admitted that the Senate vo
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"I, along with the majority of House members, have voted time after time in a bipartisan manner to fully repeal the estate tax," said Thomas. "So far, those efforts have died in the Senate."
Senate Majority Leader Bill Frist (R-Tenn) asked Thomas to draft the compromise bill earlier this month. The goal is to grab the 60 Senate votes needed to avoid a Democratic filibuster.
The legislation is reported to e
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