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    Senate Finally Moves on the Death Tax

    Almost seven full months into 2010, the Senate might finally get around to addressing the death tax. The death tax expired on January 1 of this year, but because of a quirk in the budgeting process it will rise from the ashes in 2011 with a punitive 55 percent rate … More

    Dangerous Death Tax Plan Offered in the Senate

    Senators Sanders (I-VT), Harkin (D-IA) and Whitehouse (D-RI) are circulating a bill that would drastically increase the death tax at the worst possible time: such a policy move would be a body blow to a weakly recovering economy and would clearly signal to everyone that this Congress has no intention … More

    New York Times Gets it Wrong on Death Tax

    In a front page article today, the New York Times has a story on the federal death tax and the impact its 2010 expiration has on a recently deceased billionaire. The article is riddled with errors, but the title of the article encapsulates perfectly the story’s biggest flaw: “Legacy for … More

    Congress Purposely Dragging its Feet on Death Tax

    Recent developments in Congress now make clear that Congressional leadership is willing to go through all of 2010 without a death tax in order to get what they have wanted all along – a death tax with a rate and exemption amount at their levels prior to the 2001 and … More

    New Bill Would Make Long-Overdue Changes to Tax Code

    With all the damaging bills coming out of Congress today, and promises of more to come, it is easy to lose sight of necessary positive policy changes that Congress should be making to improve the tax code and increase economic growth. Representatives Jim Jordan (R-OH) and Jason Chaffetz (R-UT) look … More

    Count Down to the Good, the Bad, or the Ugly

    Believe it or not, there is currently no death tax. The 2001 and 2003 tax cuts repealed it but because of budgetary quirks the death tax remains dead only through the end of this year. And because Congress is itching for any revenue it can get its hands on, most … More

    Long-term Unemployment Still Too High

    The stock market reacted favorably this morning when it was announced that the number of people on payrolls fell by 36,000 in February, better than the 50,000 loss expected by economists. The unemployment rate held steady at 9.7%, also slightly better than expected. Another indicator that may have received less … More

    Uncertainty From Washington Hampering Job Creation

    Businesses have to deal with nearly unprecedented levels of uncertainty due to Washington’s inability to give them a clear roadmap of what policy changes lay ahead. A large part of this uncertainty is about the level of future taxes and increased regulations.  Businesses are reluctant to hire when they could … More

    Who Profits from the Death Tax? Estate Planning Lawyers.

    If you ask attorney Harold Apolinsky who really profits from the death tax, he’ll tell you, “I think I do, as an estate planning lawyer,” but then he will tell you why the tax needs to be permanently repealed. According to Apolinsky, the death tax (or

    “Timber!” Look Out for Falling Trees – and Companies – if the Death Tax Hits

    Hancock Lumber company has been around for 180 years, was started before more than half the states joined the Union, survived the Civil War and two World Wars, but now faces one of its greatest challenges: paying the death tax. Owner Kevin Hancock counts himself among the six generations of … More