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Texas Congressman Speaks about President Bush's Tax Cut Plan.

Publication: The Dallas Morning News (Dallas, Texas) (via Knight-Ridder/Tribune Business News)

Publication Date: 28-FEB-01
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COPYRIGHT 2001 The Dallas Morning News

Byline: Todd J. Gillman

Feb. 26--House Majority Leader Dick Armey, defending President Bush's tax-cut plan Saturday in Dallas, dismissed concerns that scrapping the federal estate tax would cost Texas $300 million a year.

Texas is one of 35 states with an estate tax that piggybacks on the federal version. State estate-tax revenue would vanish if Congress repeals the federal levy as Mr. Bush has proposed.

Mr. Armey, a Flower Mound Republican, said the solution is up to Texas and other states.

"They're...

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