The estate tax lapsed last year and if Congress does not vote to reinstate it, estates larger than one million dollars will be taxed upon death as of Jan. 1. Laura Sanders of the Wall Street Journal joins Tess Vigeland to discuss further.
Taxes will be the issue du jour for Congress this fall -- in an election year. Bush Administration-era tax cuts are set to expire, but what kinds of tax cuts and hikes will Congress pass and how will it affect the economy?
The Environmental Protection Agency said it supports a bill that would reinstate taxes on the oil and gas industry to pay for the Superfund program. That's the pot of federal money that was set up 30 years ago to clean up the worst hazardous waste sites. Rob Schmitz reports.