WASHINGTON, D.C., July 29, 2004 - The majority leadership of the Joint Economic Committee, in a recent press release dated July 28, 2004, pointed to an increase in charitable bequest giving as evidence that changes to the estate tax law have not impacted giving.
The House of Representatives has declined to limit the massive tax cuts on millionaires. The cuts for millionaires average $120,000 per person a defeated proposal would have cut that to $24,000.
