Estate of Denial.

“‘The entire fiscal landscape has been transformed in the last week…The entire Republican agenda of tax cuts, Social Security reform and big spending on pet Republican projects is over. Events do eventually have an impact on Capitol Hill.'” The Congressional GOP confront the realization that they’ll likely be forced to postpone their ill-advised tax cut dreams in light of Katrina. Nevertheless, Catkiller Frist is undeterred, and still plans to attempt a repeal of the estate tax when Congress convenes next week…cause, y’know, the nation’s millionaires are suffering. Update: Frist backs down (for now.) AP and the NYT has more.