Senate zeroes in on "Death Tax" safe house. More than one major casualty

BurtWorm

(1000+ posts) Send PM | Profile | Ignore

Thu Jun-08-06 01:21 PM
Original message

Senate zeroes in on "Death Tax" safe house. More than one major casualty

possible... :nuke:

:evilgrin:

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

U.S. Senate blocks permanent estate tax repeal
Thu Jun 8, 2006 11:21 AM ET

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8 (Reuters) - The U.S. Senate on Thursday killed a bill backed by President George W. Bush that would have permanently repealed estate taxes.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

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