Submitted by Tom on Mon, 2009-12-07 21:28
Our congressman frequently whines about wealthy families that need to pay estate taxes, but when it came down to the vote to limit the maximum rate of estate taxes, he followed the orders of the Republican Party leadership and voted against it.
Latham votes against the Permanent Estate Tax Relief for Families, Farmers, and Small Businesses Act of 2009 - The House approved this legislation that would lower the maximum rate of estate and gift taxes to 45% after 2009. The bill now goes to the Senate.
On Passage
12/03/2009
House Roll Call No. 929
111th Congress, 1st Session
Passed: 225-200 (see complete tally)
The House passed H.R. 4154, to amend the Internal Revenue Code of 1986 to repeal the new carryover basis rules in order to prevent tax increases and the imposition of compliance burdens on many more estates than would benefit from repeal and to retain the estate tax with a $3,500,000 exemption, by a yea-and-nay vote of 225 yeas to 200 nays, Roll No. 929.