Estate Tax Bill in Doubt After Reid Dumps Bipartisan Jobs Bill

The Hill reports that Senate Majority Leader Harry Reid's (D-NV) move to a scrap a $85 billion jobs bill proposed by Baucus-Grassley in favor of a scaled-back bill has thrown a deal to move an new estate tax bill into doubt.  The potential estate tax bill would prevent the estate tax from jumping up to 2001 levels. 

Posted by Marc Patterson, Managing Associate Editor, Wealth Strategies Journal.