Punting Estate Tax Legislation

Wall Street Journal, January 2, 2010

In an article on a possible estate tax repeal, Martin Vaughn of the Journal stated: “…estate planners anticipated congressional Democrats would prevent the 2010 repeal (of the current estate tax) from taking place.

Instead, amid disagreement over the proper level for the tax and preoccupied with health-care legislation, lawmakers punted, and the tax disappeared.”

Football players punt (kick) the ball downfield away from their goal line on 4th down (last down before the ball would automatically go over to the opposing team with no change in yardage).

The federal legislators, in this case, decided, in essence, not to do anything but “kick” the issue into the next congressional session.


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