Override of Estate Tax Veto Fails

The House failed to override President Clinton’s veto of the estate tax bill that would have provided relief to family-owned trucking companies beginning next year.

	Related Stories
	Republicans Pledge to Try to Override Clinton Veto (Sept. 4) Death Tax Repeal Down But Not Yet Out (Sept. 1) Trucking to Benefit From Estate Tax Repeal (July 25) Senate Votes to Repeal Estate Tax (July 14)

The Sept. 7 vote was 274-157 to sustain the veto. By law, both the House and Senate must muster a two-thirds majority to override a presidential veto.

President Clinton vetoed the repeal measure Aug. 31, saying it would drain money away from the Treasury that could be used to reduce the debt and provide financial stability to Medicare. Republican leaders immediately pledged to seek an override.

Supporters for the repeal of federal taxes on inheritances, also called the estate tax, said that while the bill is dead, the issue isn’t.

For the full story, see the Sept. 11 print edition of Transport Topics. Subscribe today.