This is one of the worst articles I’ve ever seen from a real news source. It gets almost NOTHING right, and tells exactly the opposite story from the truth.
Under current law, the tax went to zero in 2010, and then in 2011 goes back to it’s original value, which is 55% on just about everything (over I think $600,000, or maybe a million, I’d have to look).
Last year the house tried to pass a bill that would actually re-instate the tax in 2010, but permanently set it to something in between 0 and what it is going to be starting in 2011. That effort failed because there was no liberal-left payoff for Obama in getting it passed.
Now, there are some who are trying to fix the problem that in 2011, it goes back to the pre-2001 law. This particular effort is a 35% tax on values over 5 million. My guess is the liberals won’t accept this, I think they want to tax more (maybe 3.5 million, or maybe less than that).
well blache may not be around much longer, lets hope the same for kyl