Interest groups on both sides of the estate tax debate are unsure how the issue will play out when lawmakers return to Washington for the post-election lame-duck session.
“I hear all sorts of things, which means I hear nothing,” Craig Jennings, a federal fiscal policy analyst at OMB Watch, told The Hill.
“Who knows what’s going to happen?” he added.
Lawmakers face a blistering tax agenda in the lame-duck session that, left undone, will cost taxpayers trillions of dollars beginning next year. One issue is how to stop the estate tax from returning to pre-2001 levels, which means estates worth more than $1 million are hit with a tax that could be as high as 55 percent.
Full story: Estate tax may become another nail-biter when lawmakers return – The Hill’s On The Money