On the Amendment S.Amdt. 4378:
Landrieu Amdt. No. 4378
; 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.
: Rejected (23-77, 1/2 threshold)
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