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S.AMDT.4378
Amends: S.CON.RES.70
Sponsor: Sen Landrieu, Mary L. [LA] (submitted 3/13/2008) (proposed 3/13/2008)
AMENDMENT PURPOSE:
To protect family businesses and farmers without increasing our nation's debt by providing for an estate tax that sets the exemption at $5 million and the rate at 35 percent, with the benefits of the exemption recaptured for estates over $100 million, paid for by closing tax loopholes that allow offshore deferral of compensation and transactions entered into solely for the purpose of avoiding taxation.
TEXT OF AMENDMENT AS SUBMITTED: CR S2185
STATUS:
- 3/13/2008:
- Amendment SA 4378 proposed by Senator Landrieu. (consideration: CR 3/14/2008 S2075-2076; text: CR 3/14/2008 S2075)
- 3/13/2008:
- Amendment SA 4378 not agreed to in Senate by Yea-Nay Vote. 23 - 77. Record Vote Number: 76.