Detail for 2001 House Roll Call Vote 84

Associated Builders and Contractors

Death Tax Elimination Act.

The House passed H.R. 8, to amend the Internal Revenue Code of 1986 to phase out the estate and gift taxes over a 10-year period.

Friends Committee on National Legislation

Estate tax cut.

Bill to reduce the estate and gift taxes each year over ten years, with complete repeal by 2011. Federal revenue would be reduced by $185.6 billion over ten years. Passed.

U.S. Chamber of Commerce

Death Tax Elimination Act.

At the urging of the U.S. Chamber, the House approved the Death Tax Elimination Act. H.R. 8 would phase out the estate and gift taxes, better known collectively as the "death tax," over a 10-year period. The U.S. Chamber has long advocated for the repeal of the death tax. As U.S. Chamber President and CEO Tom Donohue says, "Death should not be a taxable event." This tax, which is imposed when the estate of a deceased business owner is passed on to the next generation, can wipe out years of hard work and investments. Family-owned businesses can be forced to cut operations, sell assets, lay off workers, and, in some cases, liquidate or sell the business to meet death tax obligations. Estate planning designed to reduce the impact of the death tax is extremely complex, costing business owners thousands of dollars annually in compliance costs. H.R. 8 was ultimately combined into H.R. 1836, the Economic Growth and Tax Relief Reconciliation Act, which became law on June 7, 2001.

League of Private Property Voters

Estate Tax Relief.

Passage of the bill that would eliminate the estate tax, also known as the "Death Tax." The estate tax is one of the biggest hurdles farms, ranches and other family businesses face in keeping private land in family hands. Passed.

National Federation of Independent Business

Death Tax Elimination.

Sponsored by Reps. Jennifer Dunn, R-Wash., and John Tanner, D-Tenn., H.R. 8 would reduce the estate, gift and generation-skipping taxes annually, phasing down the tax rates over the next 10 years and converting the unified credit to an exemption.

Beginning in 2011, individuals inheriting more than $4.3 million would be required to pay capital gains tax on any increase from the time the asset was acquired by the deceased until it was sold by the heir.

Taxpayers for Common Sense Action

Eliminate the Estate Tax.

Opponents paint horror stories of the estate tax as a “death tax” that strips countless farms and small businesses from families trying to pass them on to their children. In reality, by 2006 when the exemption reaches $1 million, fewer than 2 percent of American families would have any estate tax bill.

This measure not only provides for a larger exemption, it phases the estate tax out over a 10-year period. The cost of this 10-year legislation is $200 billion, but once the estate tax is eliminated, the cost balloons to $60 billion a year.

The House passed the Death Tax Elimination Act (H.R. 8).

Citizens Against Government Waste

H.R. 8: Estate Tax Relief - Passage.

The House agreed to lower estate taxes by $185.5 billion over 10 years.

International Union, UAW

House Repeals Estate Tax.

The UAW and our progressive allies strongly opposed legislation crafted by the House GOP leaders that phased out and eventually repealed the estate tax. This outrageous bill gave a huge tax windfall to a tiny handful of the wealthiest families in our country. In addition, this legislation wasted huge amounts of money that are needed to strengthen Social Security, Medicare, education and other important social programs. Unfortunately, the House passed this measure.

Children's Defense Fund Action Council

Estate Tax Relief.

Passage of the bill would lower revenue by $185.5 billion over 10 years by reducing the estate, gift and generation-skipping taxes annually, cutting the top rate on assets over $3 million from 55 percent to 39 percent, with a complete repeal by 2011.

This vote set the stage for the final tax bill by putting the House on record in support of shifting $185 billion out of the federal treasury over the next 10 years to provide estate tax relief to the very wealthiest Americans. With such funds, the nation could provide Head Start for all eligible 3 and 4 year olds in need of services and provide child care for all children eligible for and in need of assistance under the Child Care and Development Block Grant, as proposed in the Act to Leave No Child Behind (H.R. 1990/S. 940).

Americans for Tax Reform

Death Tax Relief.

The House passed a bill cutting taxes on estates by $186 B over 10 years.