OMB Watch Statement on Estate Tax Vote
by Adam Hughes*, 6/8/2006
OMB Watch released the following statement on the vote to table the estate tax repeal debate:
The Senate's vote today to stop debate on legislation to repeal the estate tax could very well be a turning point in the battle to save the tax. OMB Watch applauds senators from both parties who voted in opposition to the measure and saved the American people $1 trillion in the process. The estate tax isn't just about federal revenue; it's also a moral issue - about what kind of society we want to be. Therefore, we are encouraged that the notion of shared sacrifice during a time of fiscal crisis and war has finally reached Congress.
This is an important victory in a fight that is far from over.
Opponents of the estate tax will now likely turn to "reform" legislation that would be nearly as costly as repeal in order to find a back door through which to sneak in repeal of the tax. We hope all Senators will stand up for America's values and priorities and refuse unfair and unreasonable compromise proposals.
