Jon Kyl: “Last year this amendment received 56 votes, Democratic and Republican votes. It was then in the form of a motion to…”

“Last year this amendment received 56 votes, Democratic and Republican votes. It was then in the form of a motion to instruct conferees, but the provisions are the same. This is the amendment on the estate tax that has a top rate not to exceed 35 percent, and it has a $5 million exemption for each spouse, for a total of $10 million. This amendment is endorsed by small business groups such as the NFIB and by other pro-estate tax reform groups. I hope my colleagues will agree it is a way to send a very strong signal through the budget process that we are serious about reforming the estate tax this year. I urge my colleagues to support the amendment.”