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Death tax
lives
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Release Date:
09/07/00
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The House was unable to
override President Clinton's veto of the death
tax legislation, despite strong efforts by
Republicans and groups such as NFIB.
By a
274-157 vote, the House fell 14 short of the
necessary two-thirds margin of those voting to
override the veto of a bill, according to the
AP.
The repeal of the estate tax, and
NFIB Key Vote, would have eliminated the unfair,
un-American death tax on small, family-owned
businesses. NFIB announced this week that it
considered the House vote one of the most
important votes of the 106th
Congress
America's Main Street small
businesses will pay close attention to this
week's vote and will keep a particularly close
eye on Members of Congress who don't win the
Guardian of Small Business Award and those who
desert their earlier support of death-tax
relief, said NFIB Senior Vice President Dan
Danner. Make no mistake about it: Small business
will remember those who flip-flop on this
issue.
Some lawmakers have said they will
continue to work toward a compromise on a less
costly and immediate estate tax cut targeting
farmers and small businesses. The lawmakers hope
a new version could win Clinton's approval. But
key GOP sponsors said they would settle for
nothing less than full repeal.
There is
only one way to rid the code of this immoral,
unfair and economically unsound tax, and that's
to eliminate it, said Rep. Jennifer Dunn,
R-Wash.
The House will decide next week
whether to sustain the president's veto of the
10-year marriage penalty tax cut, another item
on the NFIB agenda.
Clinton has said he
would sign less costly versions of both bills as
long as the tax relief is directed more toward
middle-income people. line on tax issues for
voters.
"We've made the point. We've made
the effort, said Senate Majority Leader Trent
Lott, R-Miss. Unfortunately, President Clinton
continues to talk one way and do something
else."
9.07.00
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