Estate Tax Compromise On the Cards
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
WASHINGTON – Some of the staunchest advocates of eliminating estate taxes said yesterday that they could accept, with some reservations, a compromise that stops short of complete repeal.
The reduction under consideration, scheduled for House debate today, rewrites estate tax rates in 2010 and beyond. It responds to a quirky and temporary law, part of President Bush’s first tax cut, that erases estate taxes in 2010 and revives them a year later.
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