Tuesday, May 25, 2010

Memorial Day is Here & Still No Congressional Action on Estate Taxes

Memorial Day is Here & Still No Congressional Action on Estate Taxes

After five months now we still await Congressional action on the estate tax mess they created in opposition to President Obama's promise the $3.5 million estate tax exemption would be extended.

In even in the face of withering criticism from every quarter nationally, Congress has yet to act. President Obama's proposal to extend the 2009 estate tax rules has broad national support from taxpayers, estate planning professionals, tax accountants, and commentators.

The mess that Congress has created is immeasurable. Increased cases of assisted suicide, matricide and fratricide have been reported. An episode of Law & Order even addressed the motivation to murder a rich relative in 2010 due to the one year repeal of the federal estate tax.

Senator Bennet has refused to respond to my open letter on this crucial issue. Other members of Congress also refused to respond to the open letter published by world famous attorney and charitable expert, Conrad Teitell.

We will continue to keep you apprised of any developments, however the time for Congress to act in 2010 is narrowing.

Thank you as always for your interest and support.

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