Thursday, November 26, 2009
The House of Representatives is scheduled to vote next week on the estate tax bill introduced by Rep. Pomeroy (D-ND). As previously discussed, this bill would make the current estate tax rate and exemption amount permanent.
Although this bill is backed by President Obama, "there are enough opponents of the Pomeroy bill to block action in the Senate." Martin Vaughan, US House To Vote On Permanent Estate Tax Bill Next Week, Dow Jones Newswires, Nov. 25, 2009.
Special thanks to Hani Sarji (LL.M in Tax candidate at New York Law School) for brining this to my attention.