NU Online News Service, June 13, 11:03 a.m. — Washington
The Senate vote yesterday against permanent repeal of the estate tax probably ends consideration of the controversial issue for the rest of the year, industry representatives say.
“In reality, the Senate vote was the last shot this year for those who want estate tax repeal at all costs,” says David Winston, vice president of government affairs for the National Association of Insurance and Financial Advisors, Falls Church, Va.
It is clear that the proponents of repeal have lost significant traction since June 2001, Winston says.
The effort to permanently repeal the estate tax ended when proponents fell six votes short of the 60 needed in the Senate to approve a repeal measure. The Senate vote was 54-44.