Death tax compromise favors New Yorkers

The New York Post reports:

What a difference a few weeks can make.

The same Senate Democrats who only days ago were privately telling Senator Majority Leader Harry Reid they would block any effort to bring a stand-alone estate tax measure to the floor are now introducing their own bill, which is good news for New Yorkers.

The tax compromise will exempt estates worth less than $3.5 million from the death tax. Without a compromise, the death tax floor would have been $1 million beginning on Jan. 1 -- a level that, with pricey real-estate values in Gotham, would have stung 10,000 additional New Yorkers.