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Tic Tax Toe

You might win tax breaks if a new bill plays out in your favor.

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This story appears in the March 2003 issue of Entrepreneur. Subscribe »

Lining up the elements of a 2003 stimulus bill will be a game of tic tax toe. Items with bipartisan support, such as a payroll tax "holiday," are likely to get an "x" in their box. But don't expect a permanent elimination of the estate tax in 2011.

With the holiday, employees and business owners won't have to pay the 7.65 percent tax for a limited period of time. Sen. Jon Corzine (D-NJ) has championed the idea, and Sen. Mary Landrieu (D-LA) used it as a signature issue in her victory in a December election. The Business Roundtable, an influential group of corporate chief executives, and some Republicans support the idea as well, making it a strong contender for any stimulus package.

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