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01-HR8 on Mar 14, 2001

Title: To amend the Internal Revenue Code of 1986 to phaseout the estate and gift taxes over a 10-year period.
    Summary: Repeals, effective January 1, 2011, current provisions relating to the basis of property acquired from a decedent. Provides with respect to property acquired from a decedent dying on January 1, 2011, or later that:

  1. property shall be treated as transferred by gift; and

  2. the basis of the person acquiring the property shall be the lesser of the adjusted basis of the decedent or the fair market value of the property at the date of the decedent's death.

  3. Requires specified information to be reported concerning non-cash assets over $1.3 million transferred at death and certain gifts exceeding $25,000.

  4. Makes the exclusion of gain on the sale of a principal residence available to heirs.

  5. Revises current provisions concerning the transfer of farm real to provide that gain on such

exchange shall be recognized to the estate only to the extent that the fair market value of such property exceeds such value on the date of death.

  • Provides a similar rule for certain trusts.

  • Amends the special rules for allocation of the generation-skipping tax (GST) exemption to provide that if any individual makes an indirect skip during such individual's lifetime, any unused portion of such individual's GST exemption shall be allocated to the property transferred to the extent necessary to make the inclusion ratio for such property zero; and

  • if the amount of the indirect skip exceeds such unused portion, the entire unused portion shall be allocated to the property transferred.

  • Provides that, if an allocation of the GST exemption to any transfers of property is deemed to have been made at the close of an estate tax inclusion period, the value of the property shall be its value at such time.

    • Participating counts on VoteMatch question 11.



    Democrats participating in 01-HR8

    Neil Abercrombie s1oHawaii Democrat
    Brian Baird s1oWashington Democrat
    James Barcia s1oMichigan Democrat
    Shelley Berkley s1oNevada Democrat
    Marion Berry s1oArkansas Democrat
    Sanford Bishop s1oGeorgia Democrat
    Rick Boucher s1oVirginia Democrat
    Eva Clayton s1oNorth Carolina Democrat (Until 2004)
    Gary Condit s1oCalifornia Democrat
    Jerry Costello s1oIllinois Democrat
    Bud Cramer s1oAlabama Democrat
    Cal Dooley s1oCalifornia Democrat (Until 2004)
    Sam Farr s1oCalifornia Democrat
    Harold Ford s1oTennessee Democrat
    Bart Gordon s1oTennessee Democrat
    Ralph Moody Hall s1oTexas Democrat
    Nicholas Lampson s1oTexas Democrat (Re-elected 2006)
    Ken Lucas s1oKentucky Democrat (Until 2004)
    Jim Maloney s1oConnecticut Democrat (retired)
    Carolyn McCarthy s1oNew York Dem./Ind./Working-Families
    Mike McIntyre s1oNorth Carolina Democrat
    David Phelps s1oIllinois Democrat
    Nick Rahall s1oWest Virginia Democrat
    Max Sandlin s1oTexas Democrat (Until 2004)
    Ronnie Shows s1oMississippi Democrat
    Norman Sisisky s1oVirginia Democrat
    David Adam Smith s1oWashington Democrat
    John Tanner s1oTennessee Democrat
    Jim Traficant s1oOhio Democrat
    Albert Wynn s1oMaryland Democrat



    Republicans participating in 01-HR8

    Robert Aderholt s1oAlabama Republican
    Todd Akin s1oMissouri Republican
    Dick Armey s1oTexas Republican
    Spencer Bachus s1oAlabama Republican
    Richard Hugh Baker s1oLouisiana Republican
    Bob Barr s1oGeorgia Republican
    Roscoe Bartlett s1oMaryland Republican
    Joe Linus Barton s1oTexas Republican
    Charlie Bass s1oNew Hampshire Republican
    Judy Biggert s1oIllinois Republican
    Michael Bilirakis s1oFlorida Republican
    Roy Blunt s1oMissouri Republican
    Sherry Boehlert s1oNew York Republican/Independence
    John Boehner s1oOhio Republican
    Henry Bonilla s1oTexas Republican
    Mary Bono s1oCalifornia Republican
    Kevin Brady s1oTexas Republican
    Henry Brown s1oSouth Carolina Republican
    Ed Bryant s1oTennessee Republican
    Richard Burr s1oNC Republican Jr Senator; previously US Representative
    Dan Burton s1oIndiana Republican
    Sonny Callahan s1oAlabama Republican
    Ken Calvert s1oCalifornia Republican
    Dave Camp s1oMichigan Republican
    Chris Cannon s1oUtah Republican
    Eric Cantor s1oVirginia Republican
    Shelley Moore Capito s1oWest Virginia Republican
    Steve Chabot s1oOhio Republican
    Saxby Chambliss s1oGA Republican Sr Senator
    John Howard Coble s1oNorth Carolina Republican
    Larry Combest s1oTexas Republican
    Christopher Cox s1oCalifornia Republican
    Philip Crane s1oIllinois Republican (Until 2004)
    Ander Crenshaw s1oFlorida Republican
    Barbara Cubin s1oWyoming Republican
    John Culberson s1oTexas Republican
    Duke Cunningham s1oCalifornia Republican
    Jo Ann Davis s1oVirginia Republican
    Tom Davis s1oVirginia Republican
    Nathan Deal s1oGeorgia Republican
    Tom DeLay s1oTexas Republican
    Jim DeMint s1oSC Republican Jr Senator; previously US Representative
    John Doolittle s1oCalifornia Republican
    David Dreier s1oCalifornia Republican
    Jimmy Duncan s1oTennessee Republican
    Jennifer Dunn s1wWashington Republican (Until 2004)
    Vernon Ehlers s1oMichigan Republican
    Robert Ehrlich s1oMaryland Republican
    Jo Ann Emerson s1oMissouri Republican
    Phil English s1oPennsylvania Republican
    Terry Everett s1oAlabama Republican
    Mike Ferguson s1oNew Jersey Republican
    Ernie Fletcher s1oKentucky Republican
    Mark Foley s1oFlorida Republican
    Vito Fossella s1oNew York Rep./Cons./Right-To-Life
    Rodney Frelinghuysen s1oNew Jersey Republican
    Elton Gallegly s1oCalifornia Republican
    Greg Ganske s1oIA Former Republican Nominee (2002)
    George Gekas s1oPennsylvania Republican
    Jim Gibbons s1oNevada Republican
    Wayne Gilchrest s1oMaryland Republican
    Paul Gillmor s1oOhio Republican
    Benjamin Gilman s1oNew York Republican
    Virgil Goode s1oVirginia Republican
    Bob Goodlatte s1oVirginia Republican
    Porter Goss s1oFlorida Republican (Until 2004)
    Lindsey Graham s1oSC Republican Jr Senator
    Kay Granger s1oTexas Republican
    Mark Green s1oWisconsin Republican
    Jim Greenwood s1oPennsylvania Republican (Until 2004)
    Felix Grucci s1oNew York Republican
    James Hansen s1oUtah Republican
    Melissa Hart s1oPennsylvania Republican
    Denny Hastert s1oIllinois Republican
    Doc Hastings s1oWashington Republican
    Robin Hayes s1oNorth Carolina Republican
    J.D. Hayworth s1oArizona Republican
    Joel Hefley s1oColorado Republican
    Wally Herger s1oCalifornia Republican
    Van Hilleary s1oTennessee Republican
    Peter Hoekstra s1oMichigan Republican
    Steve Horn s1oCalifornia Republican
    John Hostettler s1oIndiana Republican
    Kenny Hulshof s1oMissouri Republican
    Duncan Hunter s1oCalifornia Republican
    Asa Hutchinson s1oArkansas Republican
    Henry Hyde s1oIllinois Republican
    Johnny Isakson s1oGA Republican Jr Senator; previously US Representative
    Bill Jenkins s1oTennessee Republican
    Sam Johnson s1oTexas Republican
    Walter Beaman Jones s1oNorth Carolina Republican
    Ric Keller s1oFlorida Republican
    Sue Kelly s1oNew York Republican/Conservative
    Brian Kerns s1oIndiana Republican
    Peter King s1oNew York Rep./Ind./Cons./Right-To-Life
    Jack Kingston s1oGeorgia Republican
    Mark Kirk s1oIllinois Republican
    Joe Knollenberg s1oMichigan Republican
    Jim Kolbe s1oArizona Republican
    Ray LaHood s1oIllinois Republican
    Steve Largent s1oOK00 Former Republican Challenger
    Tom Latham s1oIowa Republican
    Steven LaTourette s1oOhio Republican
    Jerry Lewis s1oCalifornia Republican
    Ron Lewis s1oKentucky Republican
    John Linder s1oGeorgia Republican
    Frank LoBiondo s1oNew Jersey Republican
    Frank Dean Lucas s1oOklahoma Republican
    Donald Manzullo s1oIllinois Republican
    Jim McCrery s1oLouisiana Republican
    John McHugh s1oNew York Republican/Conservative
    Scott McInnis s1oColorado Republican (Until 2004)
    Buck McKeon s1oCalifornia Republican
    John Mica s1oFlorida Republican
    Dan Miller s1oFlorida Republican (retired)
    Gary Miller s1oCalifornia Republican
    Sue Myrick s1oNorth Carolina Republican
    Bob Ney s1oOhio Republican
    Anne Meagher Northup s1oKentucky Republican
    Charlie Norwood s1oGeorgia Republican
    Jim Nussle s1oIowa Republican
    Tom Osborne s1oNebraska Republican
    Doug Ose s1oCalifornia Republican
    Butch Otter s1oID Republican
    Michael Oxley s1oOhio Republican
    Ron Paul s1oPOTUS Republican (Libertarian 1988)
    Mike Pence s1oIndiana Republican
    John Peterson s1oPennsylvania Republican
    Chip Pickering s1oMS Republican challenger, U.S. Rep.
    Joseph Pitts s1oPennsylvania Republican
    Todd Platts s1oPennsylvania Republican
    Richard Pombo s1oCalifornia Republican
    Rob Portman s1oOhio Republican
    Deborah Pryce s1oOhio Republican
    Adam Putnam s1oFlorida Republican
    George Radanovich s1oCalifornia Republican
    Jim Ramstad s1oMinnesota Republican
    Thomas Reynolds s1oNew York Republican/Cons. (Until 2004)
    Bob Riley s1oAL Republican
    Hal Rogers s1oKentucky Republican
    Mike Rogers s1oMichigan Republican
    Dana Rohrabacher s1oCalifornia Republican
    Ileana Ros-Lehtinen s1oFlorida Republican
    Marge Roukema s1oNew Jersey Republican
    Ed Royce s1oCalifornia Republican
    Paul Ryan s1oWisconsin Republican
    Jim Ryun s1oKansas Republican
    Jim Saxton s1oNew Jersey Republican
    Joe Scarborough s1oFlorida Republican
    Bob Schaffer s1oCO Republican Senate Challenger
    Edward Schrock s1oVirginia Republican (Until 2004)
    James Sensenbrenner s1oWisconsin Republican
    Pete Sessions s1oTexas Republican
    John Shadegg s1oArizona Republican
    Clay Shaw s1oFlorida Republican
    John Shimkus s1oIllinois Republican
    Rob Simmons s1oConnecticut Republican
    Mike Simpson s1oIdaho Republican
    Joe Skeen s1oNew Mexico Republican
    Christopher Smith s1oNew Jersey Republican
    Lamar Smith s1oTexas Republican
    Mark Souder s1oIndiana Republican
    Floyd Spence s1oSouth Carolina Republican
    Cliff Stearns s1oFlorida Republican
    Bob Stump s1oArizona Republican
    John Sununu s1oNew Hampshire Republican
    John Sweeney s1oNew York Republican/Conservative
    Tom Tancredo s1oColorado Republican
    Billy Tauzin s1oLouisiana Republican (Until 2004)
    Charles Taylor s1oNorth Carolina Republican
    Lee Terry s1oNebraska Republican
    Bill Thomas s1oCalifornia Republican
    Mac Thornberry s1oTexas Republican
    John Thune s1oSD Republican Jr Senator; previously US Representative
    Todd Tiahrt s1oKansas Republican
    Pat Toomey s1oPennsylvania Republican (Until 2004)
    David Vitter s1oLA Republican Jr Senator; previously US Representative
    Greg Walden s1oOregon Republican
    Jim Walsh s1oNew York Rep./Ind./Conservative
    Zach Wamp s1oTennessee Republican
    Wes Watkins s1oOklahoma Republican
    J.C. Watts s1oOklahoma Republican
    Curt Weldon s1oPennsylvania Republican
    Dave Weldon s1oFlorida Republican
    Jerry Weller s1oIllinois Republican
    Ed Whitfield s1oKentucky Republican
    Roger Wicker s1oMississippi Republican
    Heather Wilson s1oNew Mexico Republican
    Frank Wolf s1oVirginia Republican
    Don Young s1oAlaska Republican



    Independents participating in 01-HR8

    Brad Carson s1oOK 2004 former Democratic challenger; US Representative
    John Cooksey s1oLA 2004 former Republican Nominee
    Darrell Issa s1oCA03 Former Initiator of Recall
    Chris John s1oLA 2004 former Democratic challenger; US Representative
    George Nethercutt s1oWA 2004 former Republican challenger; US Representative



    Total recorded by OnTheIssues:

    Democrats: 30
    Republicans: 190
    Independents: 5