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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: ecommerceman who wrote (127645)	2/17/2001 2:09:57 AM
From: Little Joe	Read Replies (1) \| Respond to of 769670

"you can take this to the bank--the exemption is going to rise dramatically this year, at a minimum. The question is this: are we going to eliminate the inheritance tax completely, thus increasing the disparity between the rich and the poor in this country, or are we going to compromise at $4 million? " The word I hear from my well connected democratic friends is $4 M plus primary residence. This will sure help the high end real estate market. I could live with that. But I don't count on it happening. Politics is a strange animal. The charities and insurance companies have yet to weigh in. Also, if the economy slows and receipts are down the whole fiscal picture could change. I really think they should hold off on the estate tax reduction if that occurs. Little joe