Earl Pomeroy: “Reclaiming my time, it is absolutely permanent for estates of $6 million and below. Effective January 1 of 2003, if you…”

“Reclaiming my time, it is absolutely permanent for estates of $6 million and below. Effective January 1 of 2003, if you are a couple with an estate valued at $6 million and below, we forever repeal your estate tax exposure. What would be the matter with taking that as an opening proposition? We will take the problem and make it go away for $6 million and below and we will come back for the rest later. Because I will state that the legislation the gentleman supports will leave farm families with joint estates of $2 million and below subject to estate tax exposure in 2003. Under my legislation, it would be $6 million and below. Why would they not take the $6 million now and come back for the rest later?”