pomeroy: mr.hairman, i yield myself three minutes and i will approach the well. the speaker pro tempore: the gentleman is recognized for three minutes. mr. pomeroy: mr. chairman, i want to thank the speaker, leader hoyer, chairman rangel for bringing this bill to the floor today. the purpose of this bill is very straightforward. establish clarity and certainty in the tax road for the estate tax while exempting 99.7% of the estates in this country from this estate tax altogether. the estate tax has changed 10 times in the last 11 years. now, this has been a bonanza for the attorneys, the accountants, the planners, but it has been very unfortunate for the american people trying to make reasonable plans for their estates. the next two years become completely absurd when it comes to the estate tax thanks to a law passed by congress in 2001. estate tax repeal in 2010. replaced with a new capital gains tax that will impact many more farmers. in fact, for the 6,000 estates estimated to benefit from the t

and i want to to to continue toe congressman pomeroy. "people are being hurt. some of the most vulnerable people in this country are being hurt every day because of bureaucratic bunning bling at o.p.m." again, senator reid hasn't provided enough details but congressman pomeroy's comments certainly raise concerns. undermining the ability -- or the availability of disability benefits is bad enough, but do my colleagues want to also be responsible for setting up an unworkable system that leaves hundreds of thousands of americans on the waiting list for their health care benefits? government agencies, whether it's the office of personnel management or some other agency, do not have an impeccable track record. as president reagan often said, the nine most terrifying words in the english language are, "i'm from the government and i'm here to help." think of a health care system with the responsiveness of hurricane katrina or think of the efficiency of the internal revenue service offer customer service at the department of motor vehicles. that doesn't sound like a re

pomeroy: mr. speaker, let me begin by congratulating my friend, mr. brady, he's been entrusted to manage time on the bill, he's done a great job of it. for many years, i've had a running debate with mr. holsof, no longer with us, he did not run for re-election last year, i think mr. brady has more than picked up the banner for him. i commend him for a good discussion. i do believe he begins with a curious point. he attacks the democrats for budget deficits while advocating a bill that would cost twice a much as the bill on the floor. repeal of the estate tax would lose roughly half a trillion dollars over the next decade. that's well over double the bill before the house. and another thing without that bill that you is it not hear one speck of discussion on from the republicans in the debate today is this capital gains tax issue. let me just briefly recount it. right now when someone inherits property under an estate, if they go on to sell it, the capital gains is on the value of the asset at the

and i want to to to continue toe congressman pomeroy. "people are being hurt. most vulnerable people in this country are being hurt every day because of bureaucratic bunning bling at o.p.m." again, senator reid hasn't provided enough details but congressman pomeroy's comments certainly raise concerns. undermining the ability -- or the availability of disability benefits is bad enough, but do my colleagues want to also be responsible for setting up an unworkable system that leaves hundreds of thousands of americans on the waiting list for their health care benefits? government agencies, whether it's the office of personnel management or some other agency, do not have an impeccable track record. as president reagan often said, the nine most terrifying words in the english language are, "i'm from the government and i'm here to help." think of a health care system with the responsiveness of hurricane katrina or think of the efficiency of the internal revenue service offer customer service at the department of motor vehicles. that doesn't sound like a recipe for rea