Political Quotes

“Madam President, I ask unanimous consent that notwithstanding rule XXII, the Reid-McConnell amendment, No. 4753, in the motion to concur with respect to the House message on H.R. 4853, be modified with the technical change which is at the desk. The PRESIDING OFFICER. Without objection, it is so ordered. The modification is as follows: donor died as of the end of the calendar year, reduced by''. (2) Section 2631(c) is amended by striking ``the applicable exclusion amount'' and inserting ``the basic exclusion amount''. (3) Section 6018(a)(1) is amended by striking ``applicable exclusion amount'' and inserting ``basic exclusion amount''. (c) Effective Dates.-- (1) In general.--Except as provided in paragraph (2), the amendments made by this section shall apply to estates of decedents dying and gifts made after December 31, 2010. (2) Conforming amendment relating to generation-skipping transfers.--The amendment made by subsection (b)(2) shall apply to generation-skipping transfers after December 31, 2010. SEC. 304. APPLICATION OF EGTRRA SUNSET TO THIS TITLE. Section 901 of the Economic Growth and Tax Relief Reconciliation Act of 2001 shall apply to the amendments made by this title. ____________________”