What: All Issues : Fair Taxation : H.R. 8. Estate Tax Repeal/Vote on Rules of Debate on a Bill to Repeal the Estate Tax Which Targets Wealthy Taxpayers and Comprises an Important Source of Government Revenue. (2003 house Roll Call 285)
 Who: All Members
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H.R. 8. Estate Tax Repeal/Vote on Rules of Debate on a Bill to Repeal the Estate Tax Which Targets Wealthy Taxpayers and Comprises an Important Source of Government Revenue.
house Roll Call 285     Jun 18, 2003
Progressive Position:
Nay
Progressive Result:
Loss

On this vote, GOP leaders sought passage of a rule governing House debate on a bill which would permanently repeal the estate tax (the estate tax is an inheritance tax that applies to estates valued in excess of $3 million). Prior to House floor consideration of legislation, a rule drafted by the House Rules Committee-which functions on behalf of the majority party leadership-must be adopted to set parameters on House debate. Progressives voted against the rule based on their opposition to the underlying legislation. In their view, the estate tax repeal would only serve to benefit wealthy individuals because low and middle income taxpayers are unable to afford multi-million dollar estates. The estate tax, Progressives argued, is necessary to insure that wealth and power do not become concentrated in the hands of a relatively small group of individuals. Another concern raised by Progressives was the potential impact of the estate tax repeal on the federal budget. Repealing that tax, Progressives argued, would decrease federal revenue that could be used to address what they view as more important human needs such as Social Security, education, and health care. The rule governing debate on the estate tax repeal was adopted on a nearly party-line vote of 230-199.

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