Ploy to cut estate taxes for super-rich blocked by U.S. Senate vote

Aug. 4, 2006 – OCSEA leaders thank members who called Sen. George Voinovich this week and urged him to oppose H.R. 5970.  It was blocked last night by a 42 – 56 vote.

Fast-tracked last month by the U.S. House, this bill would have triggered huge estate tax breaks for the super-rich and provided no relief to public service budgets that have been repeatedly slashed by the current administration.

AFSCME International President Gerald McEntee said that “draining $800 billion from public budgets used to fund programs like Social Security and Medicare is not a solution for low-income Americans.”

It’s estimated that this legislation would have resulted in $1.4 million in savings to about only 8,000 Americans a year who pay the estate tax.

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