Estate tax, part 2

The Wall Street Journal reports that the House of Representatives voted recently to repeal the expiration of the Estate tax, which is scheduled for 2010, and keep the 2009 rates permanently. That means 45% of everything over $3.5 million. The Senate still has to vote on the matter, but they are pretty tied up with the health care debate at the moment. Again, it will be interesting to see what happens. Most of the prognosticators say that the likely outcome is the one the House just voted for.