Jan 28, 2011
Friday, January 28, 2011
The latest edition of the ACR newsletter is available below. Here are highlights:
Washington Roundup
Consider This: State of the Union 2011: Prom Night for Democrats and Republicans
Click continue reading for the latest edition of the ACR newsletter.
Oct 22, 2010
Remember that annoying song from the show Lamb Chops Play Along called “The Song that Never Ends”?
“This is the song that never ends,
Yes, it goes on and on my friends…”
Well, this Congress is starting to feel a lot like that song…With less than two weeks to go before the election, we take this opportunity to opine on what we think might happen in a lame duck and beyond.
Sep 10, 2010
If you’ve been associated in any way, shape or form with a pregnancy since 1984, you’re probably familiar with the now-classic book, What to Expect When You’re Expecting, known as the “bible” of American pregnancy.
Sadly, there is no such guide to let us know what to expect as Congress gets ready to return for a few short weeks before heading out to campaign for the November elections – particularly when the political future for next year in Washington is so murky.
So what should we expect?
The short answer is, “not much.”
Jun 18, 2010
You know the old adage that death and taxes are the only sure things in life? Well for the time being at least one of those certainties is in question – on January 1 of this year, the tax on estates disappeared and went to zero. That’s right, zero.
So Congress must be working night and day to resolve the issue right? Wrong. With half of 2010 behind us, there is no clear plan to deal with the estate tax.
Why? Keep Reading…
Jun 1, 2010
Background:
Senators Blanche Lincoln (D-AR) and Jon Kyl (R-AZ) continue to work on an estate tax package that would include a higher exemption and lower rate. This requires the senators to identify means of raising federal revenue to make up the revenue loss associated with this plan. They have been in intense negotiations to work out a compromise deal that would get the approval of Senate Finance Committee Chairman Max Baucus (D-MT) and Ranking Member Charles Grassley (R-IA). Though several sources had indicated that a deal was shortly forthcoming, it appears as though the process has hit yet another roadblock.
It is likely that discussions on the estate tax will continue, but less publicly. As Congress continues to debate how to address the estate tax, ACR staff will closely follow these discussions, due to concern that foundations could be used as a “pay-for” for any eventual estate tax legislation.