NU Online News Service, July 19, 2:01 p.m. EDT

Insurance agents and brokers will be among those primarily impacted by an increase in estate-tax liability if Congress is unable to bridge the ideological divide on extending tax cuts first enacted in 2001.

Charles Symington, senior vice president of government affairs for the Independent Insurance Agents and Brokers of America, says allowing estate-tax rates to revert to the Clinton-era levels would be “punitive” to agents and brokers, and would have “a staggeringly negative effect on our membership.”

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