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Adrian Smith
Parties clash over wealth as House votes to kill estate tax

WASHINGTON The U.S. House voted to repeal the 99-year-old U.S. estate tax amid a partisan clash over whether the government should break up concentrated wealth or make it easier to pass along assets to the next generation. The House passed the bill 240-179 Thursday. The measure would make it possible for the wealthiest Americans to do what the other 99.8 percent already can do pass their assets to their children without a federal estate tax. The measure would save taxpayers and cost the U.S. government $269 billion over a decade. "It is, at its heart, an immoral tax," said Rep. Kevin Brady, a Texas Republican. The measure probably won't advance further, at least not this...