Battle to the Death (Tax)

Here's the latest on the fight over the future of the estate tax tax, from Bloomberg.com.  In general, Republicans and business lobbyists are pushing for a $5 million exemption and a 35% rate, while the Obama administration is counting on a $3.5 million exemption and a 45% rate.  If nothing is done, 2011 will bring a $1 million exemption and a 55% rate.

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