Filed Under:Your Practice, Regulatory

Industry girds for next tax battle

Washington has only settled the revenue portion of the fiscal cliff, says Rep. Dave Camp. (AP/Pablo Martinez Monsivais)
Washington has only settled the revenue portion of the fiscal cliff, says Rep. Dave Camp. (AP/Pablo Martinez Monsivais)

Life insurance industry lawyers and lobbyists are voicing relief that Congress has finally determined long-term estate and gift tax policy, but are now girding for the coming battles over the tax status of a number of industry products.

“The fiscal cliff deal approved by Congress should finally bring some certainty regarding the estate tax, which is what the National Association of Insurance and Financial Advisors has called for all along,” said NAIFA President Rob Smith.

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Nichole Morford

Nichole Morford
Managing Editor

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