Senate may not vote on estate tax before year's end

12/15/2009 | American City Business Journals

With the Senate deeply involved in the debate over health care reform, it's unclear whether the estate-tax bill will get any attention before 2010 -- which means the tax could return in 2011 with higher rates and lower exemptions. NFIB tax counsel Bill Rys said the estate-tax exemption needs to be high enough that it does not burden small-business owners. "It shouldn't be something that small-business owners have to stay up at night and worry about."

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