To create a deficit-neutral reserve fund for estate tax relief.

SA 873. Mrs. LINCOLN (for herself, Mr. Kyl, Mr. Nelson of Nebraska,
Mr. Grassley, Mr. Pryor, Mr. Roberts, Ms. Landrieu, Mr. Enzi, and Ms.
Collins) submitted an amendment intended to be proposed by her to the
concurrent resolution S. Con. Res. 13, setting forth the congressional
budget for the United States Government for fiscal year 2010, revising
the appropriate budgetary levels for fiscal year 2009, and setting
forth the appropriate budgetary levels for fiscal years 2011 through
2014; as follows:

At the appropriate place in title II, insert the following:

SEC. __. DEFICIT-NEUTRAL RESERVE FUND FOR ESTATE TAX RELIEF.

The Chairman of the Senate Committee on the Budget may
revise the allocations of a committee or committees,
aggregates, and other appropriate levels and limits in this
resolution for one or more bills, joint resolutions,
amendments, motions, or conference reports that would provide
for estate tax reform legislation establishing--
(1) an estate tax exemption level of $5,000,000, indexed
for inflation,
(2) a maximum estate tax rate of 35 percent,
(3) a reunification of the estate and gift credits, and
(4) portability of exemption between spouses, and

provided that such legislation would not increase the deficit
over either the period of the total of fiscal years 2009
through 2014 or the period of the total of fiscal years 2009
through 2019.
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