Hurricane Katrina came along just in time to blow another of President Bush's major second-term tax initiatives off course.

Despite tough talking up until last week from Senate Majority Leader Bill Frist, a vote to repeal the estate tax seems far-fetched at best. And with massive rebuilding efforts just beginning along the Gulf Coast, it will be some time before making the tax cuts of 2001 a certainty beyond 2010 is deemed politically feasible.

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