Senate Completes Tax Votes for Now, Policy and Taxation Group

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Investment Solicitations Policy

Since we receive numerous requests every day to consider investing for our clients, we have developed a submission policy that is outlined below.

Send a brief write up of the investment opportunity with any significant material to our office for review with an indication on the envelope that it is an investment solicitation. If upon review we determine that we would like to meet to discuss or get further information, we will contact you by email or phone. Do not send blind emails or call, as it is impossible for us to respond to all requests. If you are going to be in our area and you would like an opportunity to meet us in person, please send an email with a “REQUEST TO MEET” in the subject line and we will respond if we are interested and available to meet.

Listen to what the public is saying about estate taxes.

Senate Completes Tax Votes for Now

The Senate Republican proposal, which would have extended current rates for all taxpayers and preserved the 35/5 estate tax parameters, was defeated by a vote of 45-54. 44 of 47 Republicans and Democratic Senator Mark Pryor (D-AR) supported the amendment. 52 of 53 Democratic-aligned Senators and Republican Senators Susan Collins (R-ME) and Scott Brown (R-MA) voted against the measure.

The Senate Democratic proposal, which would extend current rates for taxpayers earning under $200,000 per year and did not address the estate tax, passed by a vote of 51-48. 51 of 53 Democratic Senators supported the bill. The 46 Republicans present and Democratic-aligned Senators Joe Lieberman (ID-CT) and Jim Webb (D-VA) opposed it.

The House is expected to take up and pass its one-year tax bill next week, which like the Senate GOP amendment would extend current rates for all taxpayers and preserve 35/5. While the prospects of enactment for any tax measure remain extremely dim between now and the start of the likely lame duck session, both parties have taken advantage of today’s flurry of activity to promote their tax reform messages in advance of the November elections.

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