Gridlock Reigns Supreme

Clients should consider making sizable gifts, but may wish to defer close to year-end

It’s clear to me that no changes will be made to federal transfer tax laws this year. As we’re all aware, the 112th Congress agrees on very little. It seems inconceivable that, in the period preceding the November elections, Congress and President Obama will concur on transfer tax legislation. The House of Representatives won’t approve a bill that would increase rates and/or decrease applicable exclusion amounts. Sixty Senators and the President won’t agree to retai

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