governmental
relations. "Two years ago, not many Democrats would have touched
this issue. This year, 65 Democratic representatives voted to end
death taxes."
Legislation
ending the death tax passed the House, June 9, by a vote of 279-136.
The Sept. 7 override vote was 274-157 in favor, 14 votes short of
the two-thirds majority required.
"Two-thirds
of the House did vote to end death taxes, just not on the same day,"
Wolff said.
House
Majority Leader Dick Armey (R-Texas), Reps. J.C. Watts (R-Okla.),
Jennifer Dunn (R-Wash.), John Tanner (D-Tenn.) and Neil Abercrombie
(D-Hawaii) held a bipartisan press conference before the override
vote. Illinois Farm Bureau
member Lee Eichhorst also participated and explained why death taxes
must die.
"After
a lifetime of high input costs and weak commodity prices, these
death tax costs are literally the final straw," said
Eichhorst.
With
a House override, estate taxes would have been reduced by about 15
percent over 10 years, until the tax was completely eliminated in
2010.
Explaining
why death taxes hit farmers so hard, AFBF President Bob Stallman
urged the House to maintain the work they had done to help ensure
farmers will have a legacy to pass on to their children.
"Over
90 percent of U.S. farms are owned by individuals, family
partnerships or family corporations who continually improve their
land and buildings with hopes of transferring a successful operation
to their sons and daughters," Stallman said. "But when the
government comes calling for the cold cash to pay off death taxes,
family members are frequently forced to sell the farm, piece by
piece."
Armey
said before the vote that if representatives failed to override
Clinton's veto, Republicans would not be willing to negotiate a
scaled-back version.
"We've
carried it as far as we can this year," Armey said. "We expect to be
back next year. We expect to pass it."
Additional
links: Rep. Dick Armey
(R-Texas) Rep. J.C.
Watts (R-Okla.) Rep.
Jennifer Dunn (R-Wash.) Rep. John Tanner
(D-Tenn.) Rep.
Neil Abercrombie (D-Hawaii) |