Estate Tax Debate Looms: GOP, Blanche Lincoln Want Major Cuts

11/29/2010 10:11 am ET | Updated May 25, 2011
  • Ryan J. Donmoyer Bloomberg

A new tax on multimillion-dollar estates may emerge as the final hurdle to a deal that preserves most or all of former President George W. Bush's tax cuts, analysts said. Congress has unsuccessfully sought at least a half-dozen times to resolve the issue since 2000, including an abandoned effort last December to prevent the estate tax's expiration.

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