Berry Votes to Eliminate Estate Tax - KAIT Jonesboro, AR - Region 8 News, weather, sports

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Berry Votes to Eliminate Estate Tax

APRIL 14, 2005 - Posted at 7:46 a.m. CDT

 

CAPITOL HILL - Arkansas congressmen said that they voted to cancel the federal estate tax Wednesday to protect state farm families.

The vote in the U.S. House would permamently eliminate estate taxes in five years.

The vote was 272-162 on a provision to prevent the estate tax from reappearing after its planned one-year disappearance in 2010.  Arkansas Republican John Boozman and Democrats Marion Berry and Mike Ross voted to cancel the tax.  Democratic congressman Vic Snyder voted against repealing the tax.

Berry said he wanted to make sure family farmers and business owners can expand their efforts without fear that taxes would destroy their nest-eggs when they die.  Boozman quoted estimates that the estate tax costs the country 25,000 jobs a year.

(Copyright 2005 by The Associated Press.  All Rights Reserved.)

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