S.Amdt.583 to S.Con.Res.21110th Congress (2007-2008)
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|Amends Bill:||S.Con.Res.21 — An original concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2008 and including the appropriate budgetary levels for fiscal years 2007 and 2009 through 2012.|
|Sponsor:||Sen. Kyl, Jon [R-AZ] (Submitted 03/22/2007, Proposed 03/22/2007)|
|Latest Action:||03/23/2007 Amendment SA 583 not agreed to in Senate by Yea-Nay Vote. 48 - 51. Record Vote Number: 102.|
Purpose: S.Amdt. 583 — 110th Congress (2007-2008)
To reform the death tax by setting the exemption at $5 million per estate, indexed for inflation, and the top death tax rate at no more than 35% beginning in 2010; to avoid subjecting an estimated 119,200 families, family businesses, and family farms to the death tax each and every year; to promote continued economic growth and job creation; and to make the enhanced teacher deduction permanent.