June 8, 2006 02:10 PM | Permalink |
Earlier today, a procedural vote in the United States Senate failed by a 57-41 vote, ensuring that the federal estate tax will not be fully repealed. Citizens for Tax Justice congratulates the U.S. Senators who decided today that estate tax repeal is not in the interest of the vast majority of Americans. The failure of today’s cloture vote sends an important signal to Congress and the Bush Administration that Americans are concerned about the growing inequality of wealth in America—and that we believe the estate tax can play an important role in preventing the creation of a new American aristocracy.