Constitutional Vote: Yes
Estate Tax Repeal. The "Death Tax Elimination Act" would phase out over 10 years the Marxist inheritance tax that is decimating family farms across the United States. While the federal inheritance tax does not go as far as the third plank in Marx's Communist Manifesto, which called for "abolition of all rights of inheritance," it does tax up to 60 percent of the value of inheritances.
The Senate passed H.R. 8 on July 14, 2000 by a vote of 59-39 (Roll Call 197). We have assigned pluses to the yeas.
Estate Tax Repeal. The "Death Tax Elimination Act" would phase out over 10 years the Marxist inheritance tax that is decimating family farms across the United States. While the federal inheritance tax does not go as far as the third plank in Marx's Communist Manifesto, which called for "abolition of all rights of inheritance," it does tax up to 60 percent of the value of inheritances.
The Senate passed H.R. 8 on July 14, 2000 by a vote of 59-39 (Roll Call 197). We have assigned pluses to the yeas.
