'Serious estate tax reform'.

• Position: News & trends

U.S. Senate Finance Committee Chair Max Baucus is calling for "serious estate tax reform," emphasizing that the current estate tax law is "complicated" and lacks certainty for American families because the law constantly changes.

The senator's comments came during the committee's April 3 hearing, Outside the Box on Estate Tax Reform: Reviewing Ideas to Simplify Planning

In his opening statement, the senator stated that the main purpose of the hearing was to explore possible reform proposals with...