Democrats, Don’t Go Wobbly on the Estate Tax ...Middle East

The budget reconciliation bill now before Congress raises the exciting possibility that the Democrats will become once again the party of the working class. To get there, though, they’ll have to overcome stiff Republican resistance. They’ll also have to overcome a few internal obstacles, the most exasperating of which is their own squeamishness about increasing taxes on inheritances.Former Democratic Sens. Heidi Heitkamp of North Dakota and Max Baucus of Montana are on the warpath against the Biden administration’s plan to tax capital gains on inheritances when those gains exceed $1 million ($2 million for couples). Taxation on the estate itself will remain unchanged; that means estates wort

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