Kent Conrad: “The hard reality is that we have to make choices. We ought to reform the estate tax. We ought to increase the amount of…”

“The hard reality is that we have to make choices. We ought to reform the estate tax. We ought to increase the amount of exemption. We should not wait for 2007 and 2008. We ought to do it now. Under my proposal, we go to $3 million from $1 million today for an individual, $6 million for a couple. At the same time, it costs a lot less. That means we do protect Social Security. We do protect the financial structure of this Government. We are fiscally responsible.”