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

Capitol Hill

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.)

  • Region 8 News</span><a class="customMoreLink" href="/Global/category.asp?C=4391" target="_top">More >></a>Region 8 NewsMore>>

  • City looks to increase hundreds of fees

    City looks to increase hundreds of fees

    Thursday, March 30 2017 5:00 PM EDT2017-03-30 21:00:54 GMT
    Thursday, March 30 2017 6:46 PM EDT2017-03-30 22:46:52 GMT
    Jonesboro Municipal Center (Source: KAIT)Jonesboro Municipal Center (Source: KAIT)

    The city of Jonesboro may soon increase hundreds of fees to add approximately $3.5 million to the yearly revenue.   

    The city of Jonesboro may soon increase hundreds of fees to add approximately $3.5 million to the yearly revenue.   

  • Pocahontas to add train depot museum

    Pocahontas to add train depot museum

    Thursday, March 30 2017 6:13 PM EDT2017-03-30 22:13:02 GMT
    Thursday, March 30 2017 6:41 PM EDT2017-03-30 22:41:24 GMT
    (Source: KAIT)(Source: KAIT)

    The city of Pocahontas will soon have a new addition to their Old Frisco Train Depot. 

    The city of Pocahontas will soon have a new addition to their Old Frisco Train Depot. 

  • Seven arrested in over 20 vehicle break-ins

    Seven arrested in over 20 vehicle break-ins

    Wednesday, March 29 2017 9:16 PM EDT2017-03-30 01:16:21 GMT
    Thursday, March 30 2017 6:01 PM EDT2017-03-30 22:01:00 GMT
    Zachary Lawrence (Source Craighead Co. Sheriff's Office)Zachary Lawrence (Source Craighead Co. Sheriff's Office)

    Jonesboro Police have arrested seven suspects in connection to over 20 car break-ins. 

    Jonesboro Police have arrested seven suspects in connection to over 20 car break-ins. 

Powered by Frankly