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Thursday, April 14, 2005
House Passes Estate Tax Repeal Bill
Yesterday afternoon the House passed H.R. 8, a bill to permanently repeal the estate tax by a vote of 272 - 162. Forty-two Democrats supported the bill. This total was similar to the vote in 2003 to repeal the tax, which had 41 Democrats supporting it.
2005 estate tax repeal roll call vote
2003 estate tax repeal roll call vote
Rep. Earl Pomeroy (D-ND) offered a substitute to this bill that would have immediately increased estate tax exemption levels to $3 million ($6 million for couples). The Pomeroy substitute would have eventually raised estate tax exemption levels to $3.5 million ($7 million for couples) after 2009 . The Pomeroy substitute would cost less than a fourth ($72 billion) of the cost of full repeal ($290 billion) over the next ten years. The vote on this amendment to reform rather than repeal the tax was closer, but failed 194 - 238, with all but 9 Democrats voting to support it.
2005 Pomeroy amendment roll call vote
2003 Pomeroy amendment roll call vote
A few details of the votes:
- Democrats Bean (IL), Cramer (AL), and Gordon (TN) voted against the Pomeroy amendment but for H.R. 8.
- Pomeroy had the support of one Republican on his amendment - Michael Castle of DE.
- Jim Leach of IA was the lone Republican to vote against H.R. 8.
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Posted by Adam Hughes
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