S. 3049 would amend the Internal Revenue Code of 1986 to make the capital gains and dividends rate permanent and to provide estate tax relief and reform.

== Detailed Summary ==

<summary>
(Log in to editMakes permanent the wikitax rate reductions for dividends and becapital gains enacted by the first to provide a detailed summaryJobs and Growth Tax Relief Reconciliation Act of 2003.

Amends the bill!)Internal Revenue Code to: (1) restore the unified credit against the estate and gift tax after 2009; (2) establish the amount of such credit at $3.5 million; and (3) provide for a single 15% estate and gift tax rate.
</summary>

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== Status of the Legislation ==

<status>
Latest Major Action: 5/22/2008: Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.
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== Points in Favor ==

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== Points Against ==

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