Bill Introduced to Eliminate Estate Taxes

Representative Mario Diaz-Balart (R-Florida) introduced House Bill 411 which would make permanent the current Estate Tax provisions, including ultimately the elimination of Estate Taxes, by deleting the sunset provisions reference to the Estate Tax in the original legislation. Introduced in the House on January 11, 2007, the bill was sent to the House Ways and Means Committee where it will no doubt languish and die after a bitter partisan fight.

Douglas B. May, CFA, is President of May-Investments, LLC and author of Investment Heresies.

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