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GRASSLEY: ESTATE TAX REPEAL VOTE MAY RUIN COMPROMISE HOPES
July 26, 2005
Senate Finance Chairman Charles Grassley yesterday warned Majority Leader Bill Frist that forcing a (probably futile) vote on a proposal to repeal the estate tax could ruin chances of a permanent compromise on the estate tax.
Reports earlier this summer said that the Senate was on a verge of a compromise that would permanently continue the estate tax with a larger exemption and lower rates. Under current law the estate tax will be repealed for one year (2011), and then spring back to life.
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