Demanding a federal budget that is fair, responsible, and meets our nation's priorities

Thursday, June 22, 2006

House Passes Estate Tax Repeal

Not surprising, but what is interesting is that the vote tally reveals that the House equates the Thomas compromise to full repeal. The House voted to pass legislation that significantly reduces the Estate Tax. The bill, introduced by Rep. Bill Thomas (R-CA) at the behest of Senate Majority Leader Bill Frist (R-TN), would amount to a 75% repeal of the Estate Tax. But, mirroring last year’s vote on full repeal, Thomas’ bill has proven to be no more popular than full repeal.