While Obama might be procrastinating about what to do about the estate tax, you\u2019d better not.
\nPresident Barack Obama was supposed to tackle the thorny issue of the estate tax from the get-go, considering that the expiration date was already set for 2010.<\/p>\n
Mr. Obama is at heart a cautious man. During his 2008 campaign, he pledged to raise income tax rates for top earners, but has since reneged, as advisors have told him that such an elimination of high income \u201ctax cuts\u201d as Republicans like to call them \u2013 would have an adverse effect on a chronically ailing economy during a deep recession.<\/p>\n
Despite the \u201cDeath Tax Repeal\u201d movement\u2019s best efforts, it looks like the estate tax is here to stay. While Obama might be procrastinating about what to do about the estate tax, you\u2019d better not. President Barack Obama was supposed to tackle the thorny issue of the estate tax from the get-go, considering that the expiration date was already…<\/span><\/p>\n
\nDemocrats seem determined to act with deliberate speed to prevent the estate tax\u2019s scheduled repeal. A prior levy on large inheritances was first approved by Congress under President George W. Bush in 2001. (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"