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House votes to bury estate tax

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Published: April 14, 2005 at 9:25 AM

WASHINGTON, April 14 (UPI) -- The prospect that the United States might bury its estate tax has moved dramatically closer to reality with the House voting to kill the so-called death tax.

Despite strenuous objections from Democratic leaders, House members voted 272-162 to end the federal estate tax, the Washington Post reported Thursday.

"The death of a family member should not be a taxable event, period," said Rep. Kenny Hulshof, R-Mo., the bill's sponsor.

In the Senate, Republican leaders, backed by Senate Finance Committee Chairman Charles E. Grassley, R-Iowa, have authorized Sen. Jon Kyl, R-Ariz., to strike a deal that will win 60 votes.

"He's got wide latitude to see what he can get," said Mitch McConnell, R-Ky., the Senate majority whip.

For the Democrats, New York's Sen. Charles E. Schumer is leading negotiations.

Topics: Charles E. Grassley, Charles E. Schumer, Kenny Hulshof, Mitch McConnell
© 2005 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

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