Thursday, July 22, 2010

Move to permanently repeal estate tax defeated by Senate

The estate tax came a step closer to being revived late Wednesday when the Senate defeated a move to permanently repeal it.

Wednesday’s amendment to repeal the estate tax was offered by Sen. Jim DeMint (R., S.C.), in the midst of debate on a bill to extend jobless benefits. The amendment failed by a wide margin of 39-59. The vote was almost entirely on party lines, although two Democrats – Sens. Blanche Lincoln of Arkansas and Ben Nelson of Nebraska – joined Republicans in voting “yes.”

Posted via email from The Modern Planner

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