XXXX voted against included only a 1 percent reduction in the top tax bracket – which was 39 percent – and not a 3 percent reduction. The provision also eliminated the repeal of the estate tax and increased the value of an estate that would be exempt from the tax and exclude family-owned businesses. The savings would be used for debt relief and infrastructure improvements. The vote was on an amendment to the Tax Relief Act of 2001. [HR 1836, Vote 123, 5/21/01; Congressional Quarterly Daily Monitor, 5/21/01] XXXX Voted Against Dropping Provisions To Repeal The Estate Tax. In 2001, XXXX voted against striking provisions that would repeal the death tax in 2011. The amendment was rejected, 42-57. [HR 1836, Vote 158, 5/22/01] XXXX Voted to Continue Estate Tax Revenue Sharing. In 2001, XXXX voted to continue estate tax revenue sharing at its current rate until estate taxes were eliminated in 2011. The amendment would direct the Secretary of the Treasury to increase the top tax rate by the amount necessary to offset the cost to the Treasury that would come from the increased spending. The motion was rejected, 42-57. [HR 1836, Vote 150, 5/22/01] XXXX Voted to Keep the Elimination of the Estate Tax in Budget Reconciliation Bill. In 2001, XXXX voted against removing estate tax reductions from the budget reconciliation bill. [HR 1836, Vote 134, 5/22/01] XXXX Voted Against Raising Estate Taxes to Pay For Elimination of Medicaid Estate Recovery Program. In 2001, XXXX voted not to eliminate the Medicaid Estate Recovery Program and as an offset, direct the Treasury Department to increase estate tax rates on the largest estates to increase the amount collected each year by $120 million. The vote was on a motion to motion to waive the Budget Act to consider a Feingold amendment to the Tax Relief Act of 2001. [HR 1836, Vote 132, 5/22/01] XXXX Voted Against Limiting Estate Tax Cuts. In 2001, XXXX voted against the limiting the estate tax cuts in the bill, as follows: it would strike the estate tax repeal in 2011; it would set the tax rate for estate values in excess of $2.5 million at 53 percent; it would set the tax rate for estate values over $1.5 million at 45 percent; and it would increase the exemption amount to $1.25 million in 2007 and 2008, to $1.5 million in 2009 and 2010, and to $4 million in 2011. The amendment would also provide an unlimited exemption from estate taxes, starting in 2003, for qualified family-owned businesses and farms. The amendment was rejected, 43-56. [HR 1836, Vote 124, 5/21/01] XXXX Opposed Reducing Estate Tax Cuts. XXXX, on May 17, 2001, voted against the Schumer amendment to H.R.1836, which was an amendment to increase the higher education tax deduction from $5,000 to $12,000 for single filers with income below $65,000, single heads of households under $90,000, and joint filers with income below $130,000, and to increase the student loan tax credit from $500 to $1,000 for single filers earning up to $35,000, and joint filers earning up to $70,000, with these tax cuts offset by a reduction in the estate tax rate cut in the underlying bill. [HR 1836, Vote 114, 5/17/01] XXXX Voted Against the Estate Tax Elimination Bill. In 2000, XXXX voted to require the Finance Committee to recommit the Death Tax Elimination Act to committee. The vote was on the Lott motion to recommit the Death Tax Elimination Act with instructions. [Vote 196, 7/14/00] XXXX Voted Against Repealing The Estate Tax For Estates Over $100 Million. In 2000, XXXX voted against retaining the estate tax for estates of more than $100 million in size. The vote was on the Feingold amendment to the Death Tax Elimination Act. [Vote 195, 7/14/00] XXXX Voted Against Adding Proposed Spending Increases and Tax Breaks to Estate Tax Bill. In 2000, XXXX voted against an amendment that would enact numerous tax relief and spending proposals, including the proposals that were advanced by Senate Democrats on previous amendments, except that it would not adopt the provision that was included in each of those amendments that would reduce the Federal estate taxes instead of eliminating them entirely. The motion was rejected, 14-84. [Vote 194, 7/14/00] XXXX Voted Against Reduce Estate Taxes Instead Of Eliminating Them. In 2000, XXXX voted against an amendment that would reduce Federal death taxes instead of eliminating them. More specifically, it would 275
HRC vote skeleton Page 296 Page 298