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Supporters to cut cost of estate tax repeal.
The House's decision to raise the price tag for the income tax rate reduction component of President. Bush's tax plan leaves less money for estate tax repeal if the president continues to insist on an overall cut of no more and no less than $1.6 trillion.
Republican leaders say the tax on inherited assets still can be repealed; it will just have to cost the U.S. Treasury less.
This can be done by reducing estate tax rates, which now reach as high as 55 percent, in ...
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