Continuing the string of tax-related votes from yesterday, House Republicans brought up their bill to repeal the estate tax entirely.
Barely anyone in the US actually has to pay the estate tax. In 2016, only 5,400 estates in the whole country--the wealthiest 0.2 percent--would owe any estate tax.
Repealing the estate tax would reduce tax revenue by $269 billion over the
next decade. Next year, taxable estates would get a tax cut averaging $3
million each, with the 318 estates worth at least $50 million getting
$20 million each.
The so-called "Death Tax Repeal Act" passed 240 to 179.
Only 3 Republicans voted against it: David Jolly (FL-13), Walter Jones (NC-03), and Scott Rigell (VA-02).
7 Democrats voted for this giveaway to the super-rich:
Brad Ashford (NE-02)
Sanford Bishop (GA-02)
Jim Costa (CA-16)
Henry Cuellar (TX-28)
Collin Peterson (MN-07)
Dutch Ruppersberger (MD-02)
Kyrsten Sinema (AZ-09)
How many estates in each of their states would benefit from the bill they just voted for?
Ashford (NE): 60
Bishop (GA): 100
Costa (CA): 970
Cuellar (TX): 340
Peterson (MN): 60
Ruppersberger (MD): 70
Sinema (AZ): 60