Federal Estate Tax Deal Falls Apart

In the ongoing saga of what is going on with our Federal Estate Tax policy, it had looked like we were near an agreement between Democrats and Republicans. Well, not so fast, as according to thehill.com, talks broke down Monday and Tuesday and are now at a stand still.

To quote Senate Minority Whip Jon Kyl (R.-Ariz.), “We no longer have an agreement because the Democratic side has decided that unless a matter has a guaranteed majority of Democratic votes going in, they’re not going to allow it on the floor, at least not voluntarily,” he said. “So we have to find a way to get a reasonable permanent estate tax reform to the floor where members can vote on it.”

You can read Kyl: Senate deal off on estate tax at www.thehill.com.

So the saga continues…