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April 14, 2005

House Votes For Permanent Repeal Of The Federal Estate Tax

The AP (via Forbes.com)is reporting that the House approved a permanent repeal of the federal estate tax beyond 2010 by a vote of 272-162. It now moves to the Senate where similar bills have failed to gather enough support to become law in the past.  The repeal of the estate tax is strongly supported by small business advocacy groups.  One reason for such support is that estate taxe makes it very costly to pass down successful family businesses to the next generation. 

Posted by Nick Infusino at 03:15 PM in Small Businesses | Permalink


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