Estate Tax Repeal Officially Dead | AccountingWEB

Estate Tax Repeal Officially Dead

Members of the House of Representatives voted Thursday in an attempt to override President Clinton's veto of the bill that would repeal the federal estate and gift tax.

The vote fell 14 votes short, largely due to votes from Democrats who were not present last spring for the original vote on this bill in the House.

This marks the official end of this bill as an override vote was necessary from both the House and the Senate to kill the veto.

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