Monday, November 29, 2010

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Durbin: Congress Will Tackle Estate Tax This Week

Washington--In a speech to the Illinois Commodity Conference in Bloomington, Ill., last week, Senate Majority Whip Dick Durbin (D-Ill.) said he expects Congress to take on the estate tax this week as part of debate on extending the Bush-era tax cuts.

Durbin said waiting to settle the estate tax issue until after January, when the new Congress is seated, will only cause further delays. “Unfortunately, then it’s gonna take months, and that’s not fair to you,” Durbin said.

The estate tax was on top of the minds of conference attendees. “I get it. I hear what you’re saying,” Durbin said.

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