WASHINGTON–Negotiations aimed at finishing a long-awaited pension reform package suddenly collapsed Thursday night when House Republicans insisted that a plan for estate tax reform be part of the package.
Tim Vandenberg, an analyst at Washington Analysis, said in a note late last night that “the failure of negotiators to reach a deal means that work on the pension measure, as well as the tax provisions, is likely on hold until after the August recess.”
Michael Kerley, senior vice president, federal government relations, at the National Association of Insurance and Financial Advisers, said before the impasse developed that, “in general, this is a good package.”
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