At 7:30 PM the House passed a procedural measure that will enable a vote on the compromise tax bill tonight. Earlier in the day Speaker Pelosi had to pull the bill after liberal Democrats balked at the procedure. The procedure that had been settled last night would have had a vote on the bill as amended. The new procedure will allow the amendment to be voted on separately. After three hours of debate, the House will vote first on a an amendment to the estate tax provision. If that amendment passes, the next vote would be on the amended Senate bill. If the estate tax change fails, the House would vote on the original Senate legislation.
What Others Are Saying
Response to the unsung inventor of Carbon Tax David G Wilson
This linked with a death tax as proposed by Warren Buffet and Bill Gates Senior , and a Citizens Wage , would I believe set the world into a totally new direction , whilst retaining a competitive Capitalist and more Democratic society that is more ...
Same Sex Marriage, Taxes and Winning the Lottery - Huffington ...
Windsor was an estate tax case and where we will see the biggest economic change is when same sex couples go to file their income taxes. Looking strictly from an economic viewpoint, is it a good idea for a same sex couple to get married?
Media Watch: 15 Things Americans Would Know if There Were a ...
Take the repeal of the estate tax. In Ohio this was recently repealed by Republicans. The benefit is only realized by people with estates larger than $338,000 (as the first $338k was exempt) and realized most by people with even wealthier ...
How To Protect Your Real Estate Assets From Creditors
Doing so places the real estate beyond the reach of your creditors and may also reduce your estate tax liability. The disadvantage of this strategy, however, is that you'll lose all economic interest in and control over the real estate. Further ...
Why do I have to pay inheritance tax in Ireland on a cross border ...
Inheritance tax in many jurisdictions outside of Ireland is an Estate tax i.e. the Estate of the Deceased person pays the tax and often the beneficiary has little more to do than wait for their cheque to arrive in the post. In Ireland, however, it is the ...
Estate Tax in the News
You tell MPs to scrap cruel death tax hike: Government facing backlash over plan to hike cost of applying for probate - This is Money
You tell MPs to scrap cruel death tax hike: Government facing backlash over plan to hike cost of applying for probate
This is Money
The Government faces a major backlash over plans to introduce a new stealth death tax. Furious constituents are bombarding their MPs with letters and threatening to stop voting Conservative unless there is a U-turn. In February, the Government ...
Proposed Estate Tax Legislation for 2017 - The National Law Review
Proposed Estate Tax Legislation for 2017
The National Law Review
H.R. 198: Called the “Death Tax Repeal Act of 2017,” this bill goes much further and repeals Subtitle B of the Internal Revenue Code, which includes estate, gift and generation-skipping transfer tax. The bill also states that it would be effective upon ...
Estate-tax plan is another example of Trump-spite - OCRegister
Estate-tax plan is another example of Trump-spite
That idea is useful when discussing what's benignly referred to as the “estate tax.” Critics refer to it by the ominous-sounding “death tax,” given that it imposes a 40 percent hit on accumulated wealth after its owner heads to that great estate in the ...
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How to Protect Your Estate-Tax Exemption - Barron's
How to Protect Your Estate-Tax Exemption
Even though the federal estate-tax exemption is $5.49 million, just a tad shy of $11 million for a couple, you still need to think carefully about whether to pass that “exempt” amount of wealth on to your surviving spouse through a trust. That ...
Is California 'Death Tax' Bill Real or Just More Anti-Trump Spite? - Reason
Is California 'Death Tax' Bill Real or Just More Anti-Trump Spite?
The president wants to eliminate the federal estate tax, which imposes a 40 percent tax on estates valued at $5.5 million or more. A couple of Republican-backed bills to repeal the tax are currently making their way through Congress. Wiener's measure ...
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