House Votes to Cut Estate Taxes

		<a href='http://ads.truthdig.com/banners/www/delivery/ck.php?n=a9cd87eb&cb=353529435' target='_blank'><img src='http://ads.truthdig.com/banners/www/delivery/avw.php?zoneid=1&cb=353529435&n=a9cd87eb' border='0' alt='' /></a>	February 18, 2012 Log in / Register
			Text Size

Past Events Upcoming Events

Déjà Pooh

Truthdigger of the Week: Lt. Col. Daniel L. Davis

Krugman to Playboy: Economic Crisis 'Doesn't Have to Be Happening'

This Gay Man Represented the President

Apple's China Comes Home to Haunt Us

The Lowdown on Fracking
By Lena Groeger, ProPublica

The Best, Most Revealing Reporting on the Foreclosure Crisis
By Blair Hickman, ProPublica

The .0000063% Election
By Ari Berman, TomDispatch

Truthdigger of the Week: Lt. Col. Daniel L. Davis

Krugman to Playboy: Economic Crisis ‘Doesn’t Have to Be Happening’

Iran Could Cause Mideast Cold War, U.K. Official Warns

Syrian Troops Kill Mourner at Damascus Funeral

Gov. Christie Nixes New Jersey Gay Marriage Bill

Google Caught Tracking Apple Users

Santorum’s Super PAC Backer Makes a Sexist Gaffe, Walks It Back

‘Left, Right & Center’: Cars, Contraception and China

Occupy Fashion Week

Putin on Trial ... Almost

‘Colbert Report’: Contraception Crusade

Déjà Pooh
By Mr. Fish

This Gay Man Represented the President
By Mel White

Whither ‘Colbert Report’?

Herman Cain Will Not Dance With the Stars

The Questions Education Reformers Aren’t Asking

Dig led by Mike Rose

Financial Meltdown 101

A Dig compiled by the editors of Truthdig

Standing Up to the Madness: Ordinary Heroes in Extraordinary Times

By Amy Goodman, David Goodman
$9.58

Pure Goldwater

By John W. Dean; Barry M. Goldwater, Jr.

Golf Shirt

$23

House Votes to Cut Estate Taxes

Posted on Jun 23, 2006

After the GOP-controlled Congress rejected an increase in the minimum wage, House lawmakers have now voted to exempt the heirs of millionaires from having to pay taxes on their inherited wealth.

AP via ABC News:

The House voted Thursday to cut taxes on inherited estates and relieve thousands of heirs from paying tax collectors beginning next decade.

The 269-156 vote, just a few months before an election with control of Congress at stake, saw majority Republicans temporarily setting aside their ambition to abolish the tax.

Instead, they voted to exempt from taxation individual estates up to $5 million and couple’s estates up to $10 million, while also blunting the impact on even richer families. The compromise measure now goes to the Senate.

Link

More Below the Ad