Frist reverses course of estate tax repeal

On Friday, shortly after Bill Frist told Senate Finance Committee members that a vote on a permanent repeal of the estate tax would be held the first day back from August recess, Harry Reid gave his colleague a little advice: “Regardless of how one feels about the estate tax, we should all be able to agree that the Senate’s attention should be on the victims of [the Hurricane Katrina] crisis.”

Yesterday, Frist accepted Reid’s suggestion.

Senate Republicans agreed yesterday to postpone consideration of the bill to fully and permanently repeal the death tax that had been scheduled for this week.

Majority Leader Bill Frist promised to return to the bill as soon as possible but wanted to clear the legislative decks this week — lawmakers’ first after a month’s recess — to consider what could be done to help deal with the aftermath of Hurricane Katrina.

“The Senate will move from its previously scheduled agenda for Tuesday, September 6, and instead consider a resolution expressing the sympathy of the Senate for the victims of Hurricane Katrina,” he said yesterday.

Occasionally, even those with a tin ear can hear good advice.

Of course, this is a delay, not a cancellation. We can expect to see the issue back on the Senate floor within a few weeks. In light of the costs associated with the disaster on the Gulf Coast, it should be an interesting debate.

You know it’s a bad week for the president when his handpicked choice for Majority Leader won’t do his bidding.

  • What’s important is that it has only been
    postponed. No rethinking of suppy side
    economics in the wake of Katrina’s
    revelations about the two Americas.

    Business as usual. Continued
    redistribution of wealth from the bottom
    80% to the top 20%.

  • Agree with Jim…

    That’s too bad.

    I can’t think of a greater more vivid juxtaposition of republican thought than having “Katrina” side by side with “Rich Guys get another tax break.”

    On the other hand… it is a silent affirmation of this:

    Bush botched Katrina badly and we can neither hide that fact or lie our way out of it.

  • Hark,

    You mean redistribution from the bottom 95% to the top 5%. You are being too generous.

  • In Frist’s mind:

    “the Senate’s attention” = “consider a resolution expressing the sympathy of the Senate”.

    Chriminy that’s kind of weak for a politician. At least Bush’s kitchen magnet speeches have a few big words scattered throughout.

  • I agree with Jim and Koreyel. While this was the morally right thing to do, politically this is bad for the Dems and good for the pro-repeal of the estate tax groups.

    I think Reid ought to stop preventing the GOP from sticking their feet in the mouths.

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