Senate Rejects Repeal of Estate Tax
The Record, Bergen County, NJ (June 09, 2006)
Author: Mary Dalrymple, The Associated Press
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WASHINGTON Senators voted Thursday to reject a Republican effort to abolish taxes on inherited estates during an election year with control of Congress at stake.
GOP leaders had pushed senators to permanently eliminate the estate tax, which disappears in 2010 under President Bush's first tax cut, but rears up again a year later.Senate Rejects Repeal of Estate Tax
A 57-41 vote fell three votes short of advancing the bill. Senate Majority Leader Bill Frist, R-Tenn., said the Senate will vote again this year on a tax that opponents call...
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