Quote:
Originally posted by taxwonk
Because they'd never get it through Congress without eliminating the basis step-up. Nor should they.
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Why wouldn't that go thru congress? Indulge me here. I'm baffled as to why repeal wouldn't pass without eliminating the basis step up.
What would happen if we just eliminated the estate tax. No caveats, no extra provisions - just a repeal.
Who does the step up elimination placate? Is it a way to create tax revenue to make up for that lost as a result of the repeal?
