Article: As Estate Tax Bites the Dust, Florida Bites Nails over Federal Tax Cuts.

The Orlando Sentinel, Fla. Knight Ridder/Tribune Business News

Jun. 7--TALLAHASSEE, Fla.--When President Bush today signs into law $1.35 trillion in tax cuts, the move will force collective belt-tightening through the 50 states. Few will be hit harder than Florida, where brother Jeb Bush is governor.

With Florida already facing its tightest budget year in nearly a decade, the tax breaks approved last month by Congress include a 10-year phase-out of the federal estate tax -- slicing at least $174. million from state coffers next year.

"Like so much else in this tax bill, the decision to rob the states of their share of the estate tax was ...

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