Election Results Create New Dynamic for Fiscal Cliff Talks
With the November 6 elections in the rear view, thoughts turn to the lame duck session and the coming 113th Congress. Observers inside the beltway continue to work to interpret the election results and determine how they will shape the... Read the rest of this estate tax article.
Tax Talk Heats Up in Election
With just a little more than 2 weeks left until election day, the candidates are angling on tax policy and lawmakers are beginning to lay the groundwork for the lame duck session. Read the rest of this article.
Policy and Taxation Group Welcomes New Team Member
Policy and Taxation Group is pleased to introduce the newest member of its team. Brandon Audap joins PATG as the new Senior Director of Legislative and Political Affairs, bringing significant experience on Capitol Hill and a strong government relations background. Read the rest of this estate tax article.
House Passes Tax Extension Package
Levin Amendment – During consideration of the Republicans’ one-year tax extension bill, Congressman Sander Levin (D-MI) offered an amendment to replace the measure with the Senate-passed bill. The Senate measure would... Read the rest of this article.
House Prepares for Action Affecting Estate Taxes
On August 1, it was another busy day in Washington as Congress aimed to finish business (for now) on key items, including House consideration of an extension of current income, capital gains, dividend and estate tax... Read the rest of this estate tax article.
Senate Completes Tax Votes for Now
On July 25, the Senate completed its series of votes on the dueling one-year tax extension measures. The Senate Republican proposal, which would have extended current rates for all taxpayers and preserved the 35/5 estate... Read the rest of this article.
As expected, President Obama delivered remarks at the White House on Monday in which he called for Congress to extend current rates only for individuals earning less than $200,000 a year ($250,000 for married couples). Read the rest of this article...
Update from Washington
While the presidential race transforms into a two-person battle around the country, activity in Washington is beginning to heat up again on tax reform. Read the rest of this estate tax article.
Congress and President Quickly Adopt Payroll Extension
Congress has reached a two-month agreement on a fully offset extension of the payroll tax holiday without including any harmful tax revenue measures. Read the rest of this estate tax article.
Congress Seeks Offset for Payroll Tax Relief
Leaders of both parties are preparing outlines of legislation to extend or provide additional payroll tax relief, neither of which are expected to impact estate, gift and generation-skipping transfer (GST) taxes. Read the rest of this article...
After the Joint Committee
As expected, the Joint Select Committee on Deficit Reduction announced that they would not reach an agreement by the November 23 deadline. Read the rest of this estate tax article.
Parties Exchange Rhetoric on Joint Committee and Congressman Introduces Harmful Estate Tax Bill
It appears little progress has been made within the Joint Committee toward a deficit reduction deal. Read the rest of this article...
On September 12 the Administration presented the American Jobs Act to Congress, a mixture of temporary spending and tax relief designed to stimulate job growth. Read the rest of this article...
New Challenges on Exemption
On September 8, the President addressed a joint session of Congress to lay out his $447 billion plan intended to spur job growth... Read the rest of this estate tax article.
President Addresses Estate Tax on Bus Tour
At the final stop of his economic bus tour in Alpha, Illinois, the President fielded a question on August 17 from a family farmer concerned about the potential return of a higher estate tax in 2013. Read the rest of this article...
Partisan Reactions to S&P Downgrade Foreshadow Coming Tax Debate
Following S&P’s downgrading of the nation’s credit rating, the reactions of party leaders reflected their continuing disagreement on whether tax increases should be part of the nation’s approach to deficit reduction. Read the rest of this article...
Historic Debt Deal and Its Potential Impact on Tax Reform
The House and Senate have passed and the President has signed the Budget Control Act, which will significantly alter the context in which deficit reduction, spending restraint and tax reform will be fought out during the 112th Congress... Read the rest of this estate tax article.
Leaders Address Nation as Congress Readies Competing Plans
With the world watching and the August 2 deadline approaching, the debt limit/deficit reduction debate headed into uncharted territory on July 25 with contrasting addresses to the nation by President Obama and House Speaker John Boehner (R-OH). Read the rest of this article...
House and Senate Pursuing Separate Strategies on Deficit and Debt Limit
While a bipartisan deal on the debt limit and deficit reduction remains elusive and Asian stock markets near their open, leaders of the House and Senate have begun to prepare legislation that may or may not be agreeable to the other chamber. Read the rest of this estate tax article...
Debt Fight Enters Critical Week
As the August 2 debt limit deadline approaches, it looks increasingly unlikely that tax reform in general (and estate tax in particular) will be significantly affected. Read the rest of this article...
Update on Tax Increases Envisioned By Administration
As the President and Republican congressional leaders continue to dispute the inclusion of tax increases as part of a deficit reduction/debt limit extension package, as of July 4 it does not appear that harmful changes to estate tax policy are in the mix. Read the rest of this estate tax article...
President Steps Up Call for Tax Increases as Part of Deficit Reduction
On June 29, President Obama took his case that any debt limit extension should include tax increases directly to the people. Read the rest of this article...
Deficit Reduction Talks Take Detour
Last week Republican leaders walked out of the deficit reduction negotiations they had been participating in with Vice President Biden and Democratic lawmakers. Read the rest of this estate tax article...
Bipartisan legislation has been introduced in the House to repeal the estate and generation-skipping transfer (GST) taxes and retain step-up-in-basis. Read the rest of this estate tax article...
Senate Rejects Limits on GRATs
During consideration of the FAA transportation and safety bill on February 2, Senator Carl Levin (D-MI) offered an amendment that included an offset that would place new restrictions on grantor-retained annuity trusts (GRATs). Read the rest of this estate tax article...
Major Legislative Victory for Families! Estate Tax Relief on the Way!
Despite the long odds and the challenging political environment we are pleased to report that we have secured the lowest estate tax rate applied in 80 years. On December 16 the House defeated the Pomeroy amendment and sent to the President bipartisan tax reform legislation that provides two years of significant estate tax relief: Read more...
“Dear Mr. Collins and Mr. Gates:
I am writing this letter to
bring to your attention a very grievous
misstatement of
fact on page 108 of
the above
book. You wrote:..” Response to "Wealth and Our Commonwealth".
Patricia Soldano speaks at National Women's Business Council conference.
