Unanimous support for
the repeal of the telephone tax in the House
Ways and Means Committee is stirring up support
for other tax repeals. The committee is turning
its attention to legislation designed to
gradually eliminate the death tax over a period
of 10 years, according to AP reports.
The
leading version of the bill, sponsored by Rep.
Jennifer Dunn, R-Wash., has the support of 238
co-sponsors, including 44 Democrats. The bill is
expected to move out of committee next
week.
The bill would be modeled after a
provision in last year's Republican-proposed
$792 billion tax bill that was vetoed by
President Clinton. The legislation would reduce
death taxes gradually in the first five years
and then cut more dramatically in later years
over the next decade.
Dunn said a
coalition of farmers, small-business people and
environmental groups concerned about land
conservation are supporting its
repeal.
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