Pro-Estate Tax Group Targeting Wyden

Estate Planning Practice Alert.

A policy group, United for a Fair Economy, is firing back at the powerful estate tax repeal lobby.  See their Estate Tax Action Center Here.

Their most recent volley was a series of ads aimed at Oregon Sen. Ron Wyden, highlighting the need to "Keep the Fairest Tax of All." 50 influential Oregonians signed their names to newspaper ads appearing in four papers across the state, urging Sen. Wyden to preserve the estate tax.

See the ad: http://www.faireconomy.org/estatetax/oregon print ads.pdf

The group calls for "responsible reform," which includes raising the exemption to $2 million for individuals, $4 million for married couples, and implementing a progressive tax rate.  The group adds that "cutting taxes for multi-millionaires and billionaires during a time of war is un-American and has never been done in U.S. history. Some people are holding bake sales to buy Kevlar vest for their kids in Iraq, but the US House is working to ensure that heiress Paris Hilton gets every dime of her inheritance. "

Estate Planners -- you may want to read more!