HomeSourcesHow Do I?OverviewHelpLogo
[Return To Search][Focus]
Search Terms: estate tax repeal

[Document List][Expanded List][KWIC][FULL]

[Previous Document] Document 42 of 187. [Next Document]

Copyright 2000 St. Louis Post-Dispatch, Inc.  
St. Louis Post-Dispatch

September 7, 2000, Thursday, FIVE STAR LIFT EDITION

SECTION: NEWS, Pg. A10

LENGTH: 651 words

HEADLINE: SOME DEMOCRATS STAND READY TO BACK OVERRIDE ON INHERITANCE TAX CUT

BYLINE: Deirdre Shesgreen; Post-Dispatch Washington Bureau

DATELINE: WASHINGTON

BODY:


House Republican leaders will get help from Democrats on one of the GOP's top political priorities this session: a vote to override President Bill Clinton's veto of legislation cutting the estate tax.

Although Republicans are still expected to fall short of the two-thirds vote necessary to overturn the president's veto, the substantial Democratic support may undercut the sharp election-year rhetoric from the president and top congressional Democrats.

Among those likely to support the Republican plan are four Democrats from Missouri and Southern Illinois.

House Minority Leader Richard Gephardt, D-St. Louis County, and other Democratic leaders have called the proposed tax cut risky and irresponsible. They say they are confident the GOP will not be able to muster enough votes to overturn the president's veto. The vote could come as early as today.

The House first passed the legislation in June by a vote of 279 to 136, with 65 Democrats crossing over to support the GOP bill and 20 members not voting. Many of those absent were Democrats expected to vote with the administration, and others who supported the bill initially will likely back the president on the override vote.

Jonathan Baron, a spokesman for House Majority Whip Tom DeLay, R-Texas, conceded that the GOP has an uphill fight. But he said the vote is still important because it will "demonstrate where the parties stand on tax relief for American families."

House Republicans will put Democrats on the spot again next week when they try to override Clinton's veto of their marriage penalty tax bill. They hope the two high-profile votes will help frame the election-year debate over tax policy, a top priority for GOP presidential nominee George W. Bush.

The estate tax legislation would phase out the levy over the next decade. Supporters say the tax is unfair - a penalty that burdens children or widows who inherit assets that their families have spent a lifetime accumulating.

"I do not believe that after a person has worked all of his or her life, that once they die and pass on their assets to their children, that their children should be taxed," said Rep Jerry Costello, D-Belleville, who plans to buck his party and support the override.

In addition to Costello, Reps. David Phelps, D-Eldorado, and Pat Danner, D-Smithville, will also vote to override the president's veto, according to their spokesmen. Rep. Ike Skelton, D-Lexington, has not announced how he will vote yet, but his spokeswoman, Lara Battles, said he is likely to support the GOP plan.

The Democratic defections may fracture the united front put forward by Gephardt and other Democrats as they try to wrap up this legislative session and head into the November elections. At a press briefing on Tuesday, Clinton and congressional Democrats mapped out their legislative strategy for the coming weeks and took particular aim at the GOP's tax strategy.

"They are attempting to spend our projected surplus for years to come, an estimated $ 2 trillion, on massive and reckless tax cuts for the privileged few," Clinton said. He called the estate tax repeal "a budget buster that ignores 98 percent of America's families."

Under current law, a person can give away up to $ 675,000 without paying the tax. In 1997, only 2 percent of estates were affected by the tax.

Costello said that while he agrees the measure will benefit a small number of people, he believes it is just morally wrong to tax a person's estate after they've died. "If it were just two families in my congressional district, I would still support it," Costello said. "It is wrong."

Gephardt spokeswoman Sue Harvey played down the divisions. "There's going to be differences of opinion on this," she said. "This is not a caucus that dictates to its members how to vote."

She noted that Gephardt supported a scaled-back version of the estate tax cut.

LOAD-DATE: September 7, 2000




[Previous Document] Document 42 of 187. [Next Document]


FOCUS

Search Terms: estate tax repeal
To narrow your search, please enter a word or phrase:
   
About Terms and Conditions Top of Page
Copyright© 2001, LEXIS-NEXIS®, a division of Reed Elsevier Inc. All Rights Reserved.