Bloomberg reports that Republicans are considering voting this year to repeal the U.S. estate tax, said House Ways and Means Chairman Dave Camp.

The measure would probably pass the House, given that more than half of the House members are co-sponsoring a repeal bill. President Barack Obama and many Democrats favor going in the other direction and expanding the estate tax, so the proposal stands little chance of becoming law.

via House May Vote This Year to Repeal Estate Tax, Camp Says – Bloomberg.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.