Bloomberg: “The imminent expiration of the federal tax on multimillion-dollar estates and a pledge by congressional Democrats to renew it retroactively next year marks a new phase in an ongoing battle over the levy. Senate Finance Committee Chairman Max Baucus yesterday [December 16, 2009] said Congress will seek to restore the tax retroactively in 2010 after Republicans objected to his efforts to adopt a stopgap measure to extend the current law for three months.”
Estate Tax Expiration Sets Up Battle on Retroactive Restoration
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