Rivals in estate tax fight are calling on lawmakers to move on restoration

July 22, 2010

Original publication: thehill.com

Date of publication: July 21, 2010

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"Anti-poverty advocates, business groups and unions all realize it’s now or never for Congress to move on restoring the estate tax. [...]

On a conference call organized by [United for a Fair Economy] Wednesday, AFL-CIO President Richard Trumka and former Treasury Secretary Robert Rubin came together to support reinstating the tax. [...]

Both Rubin and Trumka said restoring the tax would be 'sound policy.' 'You would actually increase demand, not decrease demand, if you restored the estate tax immediately,' Rubin said. [...]

Trumka described the Lincoln-Kyl proposal as a weak compromise that he could not support, and the measure is unlikely to win the votes of liberal Democratic senators. [...]

He favors legislation sponsored by Sens. Tom Harkin (D-Iowa), Bernie Sanders (I-Vt.), Sheldon Whitehouse (D-R.I.) and Sherrod Brown (D-Ohio). Their bill would reinstate the estate tax at 2009 levels but include a more progressive tax rate.[...]"

Read the full length article by Kevin Bogardus at TheHill.com