New life for a repeal of the death tax looks more promising with a Republican in the White House.
As President Bush took office, there were signs of new life being breathed into efforts to repeal the estate and gift tax. Those hoping to do away with the "death tax" in 2001 will face a much easier road with a president who has clearly indicated he will sign a bill.
Late last summer, Republicans confronted the Clinton administration with a bill to repeal the estate and gift tax. President Clinton vowed to veto the measure, which the White House called too expensive and a targeted tax break for only the richest Americans. On Aug. 31, he followed through on the threat.