If you thought you hated auto dealers before.....

Obama, Republicans tentatively agree on estate-tax plan sought by dealers

In a victory for auto dealers and Senate Republican Whip Jon Kyl, President Obama and congressional Republicans agreed on a tentative tax-cut package that would head off a huge increase in the estate tax.

The agreement yesterday, which still has to be approved by Congress, would set a maximum estate-tax rate of 35 percent for two years with an exemption of $5 million for individuals and $10 million for couples.

If Congress fails to approve the plan by the end of the year, the estate tax will rise to a maximum rate of 55 percent with an exemption of $1 million per person.

“This (proposal) will help restore consumer confidence and speed economic recovery,” the National Automobile Dealers Association said in a statement today. :spray:





Read more: http://www.autonews.com/apps/pbcs.dll/article?AID=/20101207/RETAIL07/101209848/1422#ixzz17XHRLPkb

I feel so much more confident knowing that my heirs won't have to pay any taxes on my $3 million estate when I die.
I think I'll go out and buy another car!

I'm so pleased someone is looking out for them.

:puke:

I'm sure my favorite taco truck is making out like a bandit thanks to this. :eyes:

so sorry they are so poor

like himself.

This car was driven by a little old lady who only used it to go to church on Sundays. Or this one; you don't need a warranty, you have our word!

Of course our Representative (Bill Shuster) actually was a car salesman before he took over the seat held by his dad Bud.

you don't like any of them? :eyes:

Come-on..don't be confusing us now