BEYOND CRASS: Senators look for a wealthy casualty of Katrina as evidence against the estate tax

Quicklink submitted By       Message Amanda Lang     Permalink
Related Topic(s): , Add Tags

View Ratings | Rate It

opednews.com

Author 5
Become a Fan
  (9 fans)
If legislative ambulance chasing looks like a desperate measure, for the backers of repealing the estate tax, these are desperate times. Just three weeks ago, their long-sought goal of repeal seemed within reach, but Katrina dashed their hopes when Republican leaders put off an expected vote. After hearing from Sessions, Apolinsky, an estate tax lawyer who says his firm includes three multi-billionaires among its clients, mobilized the American Family Business Institute, a Washington-based group devoted to estate tax repeal. They reached out to members along the Gulf Coast to hunt for the dead. It's been hard. Only a tiny percentage of people are affected by the estate tax—in 2001 only 534 Alabamans were subject to it.

Read the rest of the story HERE:

At www.time.com

- Advertisement -
- Advertisement -