December 3rd, 2009 2:37 pm
House Votes to Increase Death Tax
Having never met a tax increase they didn’t like, Democrats voted to increase the Death Tax today.
Under current law, the Death Tax was set expire in 2010. Now, starting in January, the tax could increase from 0% to 45%. Not one Republican voted to increase the Death Tax, proving that the GOP still has some semblance of a fiscal spine.
All hope is not lost, however, as the Senate still has to take up the measure and pass the House version of the tax increase. It must then go to President Obama’s desk for signing.
The final vote was 225 to 200 (218 needed for passage).
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