What: All Issues : Fair Taxation : Tax Breaks for the Rich : HR 8. Estate Tax/Vote to Enable Family Businesses to Benefit from Repealing the Estate Tax. (2002 senate Roll Call 149)
 Who: All Members
[POW!]
 

To find out how your Members of Congress voted on this bill, use the form on the right.

HR 8. Estate Tax/Vote to Enable Family Businesses to Benefit from Repealing the Estate Tax.
senate Roll Call 149     Jun 12, 2002
Progressive Position:
Yea
Progressive Result:
Loss

The estate tax targets large inheritances, traditionally those in excess of $675,000. Congress voted to phase out the tax in 2001 by increasing this threshold for exemption, but total repeal would only occur in 2010. Senate Republicans, along with their colleagues in the House, were eager to eliminate the tax permanently beyond 2010. Upon proposing this idea, however, Democrats and Progressives suggested two milder alternatives. The first to be voted on was this one, which would have increased the exemption to $4 million in 2009 and allowed family businesses a full deduction starting in 2003. Gramm (R-TX), who was determined to have full repeal or nothing at all, brought a budgetary point of order. The point of order was permitted because the amendment changed the total revenue levels set out in the earlier Budget Resolution, and it required 60 votes to dispose of. The amendment failed to pass that mark. The point of order was sustained, 44-54, and the amendment fell.

Issue Areas:

Find your Member of
Congress' votes

Select by Name