Obama Plans to Keep Estate Tax

Looks like we won’t be throwing Momma from the train in 2010 when there is no estate tax.  According to this WSJ article Obama plans to sponsor legislation that will keep the estate tax in effect and keep the exemption at $3.5 million -  which is where it is now since January 1, 2009.  The rate over the exemption will be as currently in effect – 45%.