Thursday, December 9, 2010

December 9, 2010: Sad News Out of Washington

Congressional Democrats Rebel Against Their Own President; Vote to Reject Obama's Tax Plan

Today is sad news from Washington. The President's Tax Plan, a compromise reached with Republican leadership, was rejected today by Congressional Democrats who rebelled against their own President.

You can read more here from CNN:

As of today, this means there is no compromise on income taxes or estate taxes. The President's economic advisers announced that Congressional Democrats had just voted to continue and deepen the recession.

What does this mean for your estate planning? It means that nuclear winter on your estate arrives January 1st, 2011. Sad news for the entire country.

Bernie Greenberg

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