Estate Tax Law Repeal Bid Fails Evan Bayh Says Now Not the Time

Summary


An effort to repeal the estate tax, which is levied on inheritances larger than $2 million, failed to get enough support in the Senate on Thursday to prevent a filibuster.

All the Republicans except Ohio's George Voinovich and Rhode Island's Lincoln Chafee voted for the repeal.

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Estate Tax Law Repeal Bid Fails Evan Bayh Says Now Not the Time

Sen. Evan Bayh, D-Ind., had voted to repeal the estate tax in the past, but voted against eliminating the tax this time.

"I support eliminating the e...

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