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Death tax alive – Some rollback expected

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President Bush is expected to ease up on his plan to kill the estate tax after foes of the move said it could hurt charitable, insurance and other interests, The Wall Street Journal reported Feb. 20.

The death tax now is expected to be reduced significantly, the Journal said, although large estates still would face some taxes.

Opponents of repeal got a big boost last week when financier George Soros, investor Warren Buffett and the father of Microsoft chief Bill Gates teamed up with other wealth Americans to say repeal could hurt charitable giving that supports services for the poor.

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