The Coming Senate Showdown over Estate Tax Reform - Center for American Progress

The Coming Senate Showdown over Estate Tax Reform - Center for American Progress: "The Coming Senate Showdown over Estate Tax Reform
By Chuck Collins
April 15, 2005
The House voted Wednesday 272 to 162 to permanently abolish the federal estate tax, just in time for the April 15th tax day media cycle. For the third time in four years, House leaders staged a vote to put pressure on the Senate, where the fate of America's only tax on accumulated wealth remains in the balance.
In the Senate, 60 votes are required to permanently repeal the estate tax. Advocates of repeal are dangerously close to that threshold - and the pressure that has been placed on a dozen swing senators is intense. At the same time, Senate Minority Leader Harry Reid (D-NV) has designated Sen. Charles Schumer (D-NY) to meet with leading repeal advocate Sen. Jon Kyl (R-AZ) to negotiate reform compromise proposals. An estate tax vote in the Senate is anticipated later this year."