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But the increased exemption would only be in effect from 2002 through 2006.
Clint Stretch, Deloitte's managing principal of tax policy, said most families would benefit under Mr. McCain's plan because of an increased exemption for each child.
The Clean Energy Council, in a paper issued on Tuesday, said it recognised that there may be a special case for an increased exemption for aluminium smelting under the RET.
Here are things to consider: Formula clauses in wills "Although people hate reading these documents because they don't exactly read like Jacqueline Susann," Mr. Rubenstein advised skimming them for buzzwords that could be problematic, given the increased exemption and perhaps a drop in net worth.
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Brett Hartl, endangered species policy director with the Center for Biological Diversity, called the rule a win for big industry and Republicans, not Democrats, precisely because of the increased exemptions introduced to cater to critics.
"There is a need to increase exemptions," he said, "and we're looking to do that in the next legislative session".
The council said it "would support a proposal to increase exemptions for aluminium smelting if such a proposal also contributed to restoring bipartisan political support for the RET policy".
For couples where only one spouse is working, this may be as simple as changing from "single" to "married" and increasing exemptions from one to two.
It pledged to increase exemptions from income tax, to allow medical expenses to be considered deductions from income for tax purposes, and to eliminate sales tax on food, clothing, and other necessities of life.
"The Florida ballot measure is the first salvo of the year in making property rights and anti-tax issues a part of the 2008 conversation," Oliver Griswold, a spokesman for the Ballot Initiative Strategy Center in Washington, told Stateline.org.The Florida proposal would give businesses a $25,000 tax exemption, increase an exemption for homeowners and allow more flexibility to transfer tax breaks.
They increased the exemption on a series of estate-related taxes and lowered the tax rate on any amount over those limits.
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