Senate GOP Leader Delays Estate Tax Vote

[Judi Lynn]

Senate GOP Leader Delays Estate Tax Vote
Senate Majority Leader Bill Frist Postpones Vote on Estate Tax
By MARY DALRYMPLE AP Tax Writer

WASHINGTON Jun 27, 2006 (AP)— Despite a pledge to cut estate taxes by Independence Day, the Senate's Republican leader on Tuesday postponed action on a bill to reduce taxes for heirs.

Senate Majority Leader Bill Frist, R-Tenn., said he did not yet have enough votes to pass a bill, already approved by the House, that would eliminate taxes on the first $5 million of an individual's estate and cut taxes for others.

Most Republicans support the tax reduction, but they need support from a few more Democrats.

"The vast majority of my Democratic colleagues have so far refused to address this issue," Frist said in a statement. "It's my hope that their constituents will use the upcoming recess to explain the importance of supporting a reasonable and permanent solution to this unfair tax."
(snip/...)

http://abcnews.go.com/Politics/wireStory?id=2126278&CMP=OTC-RSSFeeds0312

[TexasLawyer]

1. What is the "issue"?

What is the "issue" that Frist's "Democratic colleagues have so far refused to address"?

The issue of super-rich people not having enough money? The issue of too few robber baron dynasties?

[gizmo1979]

2. Buffet asked just yesterday

that they not pass it how would taht look the guy is giving away 30 billion dollars instead of giving it to his kids and you go and pass this bill.Thankyou Mr.Buffet.

[Moderator]

3. duplicate

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=2359628

search word used: Frist