05/ 26/ 2006
At press time, the U.S. Senate was expected to vote in June on permanent repeal of the federal death tax. NFIB has led the effort to terminate this economically destructive tax, and a successful Senate vote is the last hurdle. In 2001, Congress set the death tax on a path to total repeal in 2010. However, the tax returns to its full 55 percent in 2011 if the law isn't made permanent. The U.S. House has already passed permanent repeal, and President Bush has promised to sign the legislation. Now it's up to the Senate. Find out the latest news on this critical issue by going to www.repealthedeathtax.com.
