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  • Senate rejects effort to cut estate tax (RINOs Chafee & Voinovich break with party)

    06/08/2006 11:07:16 AM PDT · by Mr. Mojo · 23 replies · 1,031+ views
    AP (via Yahoo News) ^ | 6/8/06 | MARY DALRYMPLE
    Senators voted Thursday to reject a Republican effort to abolish taxes on inherited estates during an election year with control of Congress at stake. GOP leaders had pushed senators to permanently eliminate the estate tax, which disappears in 2010 under President Bush's first tax cut, but rears up again a year later. A 57-41 vote fell three votes short of advancing the bill. Senate Majority Leader Bill Frist, R-Tenn., said the Senate will vote again this year on a tax that opponents call the "death tax." "Getting rid of the death tax is just too important an issue to give...