How do you spell tax relief? House Majority Leader Steny Hoyer (D-Maryland) says it involves permanently extending the federal estate tax, also know as the "death tax."
The House passed a permanent extension of the 45 percent federal estate tax yesterday over the objections of Republicans who say the death tax needs to be completely abolished. Majority Leader Steny Hoyer hailed the death tax extension as permanent "tax relief" for American families, saying it "strikes a fair balance between what we owe to families, farmers, and small businesses." He also billed it as "an important step toward fiscal responsibility."
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