Senators Say Baucus Easing Away From Retroactive Estate Tax Application

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Senate Finance Committee Chairman Baucus is showing more flexibility with respect to his earlier plan to reinstate the estate tax and make it retroactive to the start of the year, committee members say. “I don't think anybody is promoting that,” Sen. Kyl, a committee member negotiating an estate tax reform bill with Baucus, Finance ranking member Grassley, and Sen. Lincoln, tells BNA. “We've got some ideas” that could shift the plan away from simply extending 2009 estate tax rates and making them retroactive, Baucus says, but he refuses to elaborate.