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H.R. 436, The Certain Estate Tax Relief Act of 2009 (4 comments ↓)
H.R. 436 would amend the Internal Revenue Code of 1986 to repeal the new carryover basis rules in order to prevent tax increases and the imposition of compliance burdens on many more estates than would benefit from repeal, to retain the estate tax with a $3,500,000 exemption.
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Visitor Comments
Emily
February 16, 2009, 4:25pm (report abuse)This have a negative impact on all family owned businesses
Don Parker
April 10, 2009, 8:09pm (report abuse)This bill will subject those to the death tax that have not previously been affected. It will also decimate charitable gifting and family businesses.
DFult
April 20, 2009, 4:01pm (report abuse)Robert Greenstein, executive director of the Center on Budget and Policy Priorities: "The real beneficiaries [of estates] are indeed the same kind of people getting the bonuses on Wall Street." This is offensive and ridiculous. It is not fair or appropriate to stereotype anyone, even the fortunate.
Winston
October 26, 2009, 11:07am (report abuse)This bill is, as usual, misleadingly named to imply reform when it is actually a significant tax increase. The government has demonstrated its ineptitude in handling the taxpayer's money and does not need more tax on those assets already taxed through out the citizen's life.