Permanent Repeal of Estate Tax. Rep. Kenny Hulshof (R-Mo.) sponsored this bill (H.R. 8) to permanently repeal the estate tax, commonly known as the "death tax." Under current law, the estate tax will be phased out by 2010, but because of a "sunset" provision the tax will be fully eliminated for only one year before being reinstituted. Hulshof’s bill would eliminate the sunset clause, making the repeal permanent. The estate tax has forced many cash-poor but asset-rich individuals to liquidate their family farms and other small private businesses rather than bequeath those assets to their loved ones.
The House passed this bill on April 13, 2005 by a vote of 272-162 (Roll Call 102). We have assigned pluses to the yeas because permanently repealing the estate tax would be a constitutional tax cut that would benefit the elderly and their families.
