mr. pascrell. the speaker pro tempore: the gentleman is recognized for two minutes. mr. screll: i stand before you to support 4151. some of my colleagues on the other side of the aisle want you to believe, and we've heard this before, that everybody is going to pay an estate tax. if you listen to the rhetoric, i'm glad we're looking at the world, i'm glad we're looking at the world and we'll find out on the health issue, we're now 40th in terms of infant mortality but let's look at the world. you are incorrect and it's unfair when you claim this is a tax for all americans, it is in the. all family businesses, it is not. in fact, it is a american to act on share responsibility. the citizens for tax justice just recently made this very clear, december 2. it follows that it is reasonable to tax the transfer of enormous estates, most of which consistent of income that was never taxed. that's what it's taxing, the folks with estates that have never been taxed, you want to throw a shield over them to protect them. you want to protect the generation of super rich families to sen

mr. pascrell: mr. speaker, for eight years president bush's administration looked the other way as wall street exploited our financial system and ignored mounting risks. this failure to regulate our markets led to wall street gambling with america's livelihood, compromised our families' futures and savings. here we go again, making the tough choices that are necessary to bring our economy back from the brink of disaster. this great nation is suffering the consequences of a period in our history. we're living beyond our means plague not only american consumers but those on wall street whose greed compelled them to take indefensible risks. our market failed us. it certainly wasn't a free market. it's beyond a minor adjustment. wall street reform is a critical step as we turn the tide and change not only how we deal with our financial sector but also where we lay to rest eight years that marked the most fiscally irresponsible period in our nation's history. as we rebuild our economy, we must put in place