Paul Ryan Plans Panel Vote Next Week to Repeal U.S. Estate Tax
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The House Ways and Means Committee plans to vote next week on a bill to repeal the U.S. estate tax, said Doug Andres, a spokesman for committee chairman Paul Ryan, a Wisconsin Republican.
The move to repeal the estate tax brings back an issue that has political potency for Republicans, especially among farmers and business owners. The effort stands virtually no chance of becoming law under President Barack Obama, who wants to go in the opposite direction with higher estate taxes.