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• Date: March 13, 2008
• Chamber: Senate
• Amendment number: S.Amdt.4378
• Number: 76
• Type: On the Amendment
• Question: On the Amendment (Landrieu Amdt. No. 4378 )
• 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.
• Required percentage of 'Aye' votes: 1/2 (50%)
• Ayes: 23 (Democrat: 19; Republican: 3; Other: 1)
• Nays: 77 (Democrat: 30; Republican: 46; Other: 1)
• Abstained: 0 (Democrat: 0; Republican: 0)
• Percentage of 'aye' votes: 23%
• Result: Amendment Rejected