Business Lobbyist Changing Their Tune on Estate Taxes

In not unexpected news, business lobbyist who have been fighting against the estate tax are now hoping for a change in Federal estate tax legislation according to a Business Week article (Business Lobbyists Push to Revive Estate Tax).  Business groups have changed their positions in hopes of heading off the higher taxes on the horizon.  In 2011, the Federal Estate Tax is coming back with a vengeance and will heavily tax any estates over $1 million dollars.