Posted on 12/16/2010 7:03:26 PM PST by advance_copy
After liberals in the Democratic Caucus forced a several-hour delay on tax-cut legislation, the House approved the rules for debate on the legislation this evening and have now begun three hours of general debate. A final vote on the legislation is expected after midnight.
Yesterday, the Senate approved the $858 billion tax plan, by a vote of 81 to 19. The measure (HR 4853), negotiated by President Obama and Senate Republicans, would allow tax cuts for all income levels to continue for two years and extend unemployment insurance benefits for jobless Americans for 13 months.
(Excerpt) Read more at c-span.org ...
I hope there is an explanation...that was just frightening.
The inheritance tax for this year is 0%. So would this extension keep it at 0% for two more years, or some other rate?
Jan will be fun watching them pack and leave.
The 2010 was wrenching; the 2012 will be more like a pair of pliers — used for tooth extraction. ‘s fun.
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