U.S. Senate blocks permanent estate tax repeal

kpete

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Thu Jun-08-06 11:42 AM
Original message

U.S. Senate blocks permanent estate tax repeal

U.S. Senate blocks permanent estate tax repeal

WASHINGTON, June 8 (Reuters) - The U.S. Senate on Thursday killed a bill backed by President George W. Bush that would have permanently repealed estate taxes.

On a vote of 57-41, the Senate blocked consideration of a bill passed by the U.S. House of Representatives that would wipe out what Republicans call the "death tax."

Republican backers had acknowledged they were short of votes for full repeal, but they had hoped to offer an alternative that would have reduced the tax rate and exempted all but the wealthiest estates from the tax.

http://today.reuters.com/investing/financeArticle.aspx?type=bondsNews&storyID=2006-06-08T152117Z_01_WAT005774_RTRIDST_0_CONGRESS-TAX-VOTE-URGENT.XML

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Norquist Nemesis

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Thu Jun-08-06 11:45 AM
Response to Original message

1. Still trying to locat the roll call on this one. At least 2 Dems voted

AYE

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Placebo

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Thu Jun-08-06 11:49 AM
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2. Woo-hoo!

2 defeats in one week.

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meegbear

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Thu Jun-08-06 11:51 AM
Response to Reply #2

3. And let's hope it's three ...

While I don't like anyone defacing the flag, writing it into the Constitution is insipid.

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Placebo

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Thu Jun-08-06 11:51 AM
Response to Reply #3

4. Beyond stupid.

Unconstitutional. :patriot:

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w4rma

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Thu Jun-08-06 11:55 AM
Response to Reply #4

5. That's why it would have to be written into the Constitution (nt)

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zbdent

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Thu Jun-08-06 12:01 PM
Response to Original message

6. This is comical . . . Repukes hope to offer an alternative . . . ha ha ha

I remember a Dem (can't remember who it was) who offered to exempt all estate taxes below $100MILLION in inheritance as a compromise . . . and the Repukes shot it down . . . wasn't good enough . . . they wanted it all . . . ("shooting for the moon", anyone?)

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Thu May 16th 2024, 02:24 AM
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