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.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: