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Obama Plans To Keep Estate Tax

Obama

First Posted: 02/11/09 05:12 AM ET Updated: 05/25/11 02:00 PM ET

wsj.com:

President-elect Barack Obama and congressional leaders plan to move soon to block the estate tax from disappearing in 2010, suggesting the levy might outlive the "Death Tax Repeal" movement that has tried mightily to kill it.

The Democratic stance on the estate tax contrasts with Mr. Obama's reluctance to press forward with his campaign pledge to raise income-tax rates on top earners, which he worries could have an adverse economic impact during a recession.

Read the whole story: wsj.com

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Filed by Marcus Baram  |