Budget Process, October 1, And Tax Cuts

With the expiration of key Senate budget rules on October 1, tax cuts will get easier to pass.

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Senate Rejects Permanent Repeal of the Estate Tax

Seattle Times article, June 13, 2002

This Seattle Times article reports on the efforts of pro- and anti-repeal advocates, as well as the results of the June 12 Senate vote on permanent repeal of the estate tax.

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Tax-Cut Cynicism

New York Times Editorial, June 13, 2002

This New York Times Editorial piece argues that since all but 2% of the country's estates are subject to the estate tax, "The movement to repeal the estate tax has been a cynical and fraudulent exercise. Supporters say they want to protect people inheriting family farms and small businesses. But those estates have almost all been exempted."

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Transcript of Remarks of Sen. Kent Conrad

On June 12, 2002, Sen. Kent Conrad, William H. Gates, Sr., and Americans for a Fair Estate Tax released the results from a poll conducted in May on views of the estate tax among the American public.

The following is the transcript of the remarks by Senate Budget Committee Chairman Kent Conrad (D-ND).

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"The Inherited Wealth Lobby"

E.J. Dionne in the Washington Post, June 14, 2002

In this op-ed piece, Dionne urges opponents of permanent estate tax repeal not to "shy away from this issue. They should make their case with confidence. They are prepared to protect the overwhelming majority of Americans from estate taxes. But the inherited-wealth lobby and its political allies won't let them do it."

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"Opening A Trillion-Dollar Hole"

David Broder in the Washington Post, June 16, 2002

In this op-ed piece, Broder echoes Sen. Cristopher Dodd's (D-CT) words that, "It is truly mind-boggling that majorities in both the House and Senate have voted to compound the budget problems of the nation by making permanent the abolition of what they choose to call the 'death tax,' more commonly known as the tax on large estates."

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National Committee to Preserve Social Security and Medicare Letter to Senate Members

The National Committee to Preserve Social Security and Medicare (NCPSSM) sent this letter to all Senate members on June 12, 2002, urging them to vote "No" on any proposal to make permanent any of the tax cuts enacted as part of last year's $1.35 trillion tax cut package -- and mentions permanent repeal of the estate tax specifically.

The letter urges all Senate members to "reject any legislation to permanently extend such tax cuts until Social Security and Medicare have been placed on strong financial footing and seniors are provided adequate access to a Medicare prescription drug benefit."

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NEA Letter to Senate Members

The National Education Association (NEA) sent this letter to all Senate members on June 11, 2002, urging them to vote "No" on the Gramm amendment to H.R. 8 for permanent repeal of the estate tax.

The letter argues that, "Spending hundreds of billions of dollars to permanently repeal the estate tax will constrain our ability to meet the educational needs of our children."

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RESOUNDING "NO" FOR PERMANENT REPEAL OF THE ESTATE TAX

The final vote this evening (June 12) on the Gramm amendment for permanent estate tax repeal was 54 for permanent repeal and 44 against -- clearly failing the 60-vote requirement. This represents a resounding victory against permanent repeal of the estate tax. Votes on the two Democratic reform amendments showed that there is a lot of support for reform, and means that we now need to move forward to talk about what a fair and reasonable reform would be. (The Dorgan amendment was 44 for and 54 against; Conrad amendment was 38 for and 60 against) (To be precise, these all were procedurally votes on waiving the budget rules to allow votes on the amendments--but effectively they were votes on the substance of the amendments.) Please check www.fairestatetax.org for updates this week.

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Statement of Charlotte McConnell, Executive Director, Family and Child Services of Washington, DC In

On June 12, 2002, Sen. Kent Conrad, William H. Gates, Sr., and Americans for a Fair Estate Tax released the results from a poll conducted in May on views of the estate tax among the American public.

The following are the remarks of Charlotte McConnell, Executive Director of Family and Child Services of Washington, DC, Inc. on the problems repeal of the estate tax pose for the nation's charities.

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