Actually, the new Congress SHOULD present a bill to PERMANENTLY abolish this immoral tax. Your estate is taxed when you are alive and then taxed again when you die.
The abolition of the death tax is VERY POPULAR and MOST Americans are for it.
Present it to Obama and dare him to veto it... and if he does, present it to him again ( the same way the partial birth abortion bill was presented to Clinton again ).
If they want to take a page from the Democratic playbook, they can present in public, emotional VICTIMS of the death tax ( let’s call them the Secretariat people ) who can tearfully testify how this tax destroyed their business, estate and family.
Tell you what, if the old folks could have held onto their fortunes for their families their grandchildren would have all afforded Harvard and Yale with cash to spare.
My proposal is that there should be no taxing of estates of less than $10 million, but larger estates should simply be distributed to the dead person's 500 closest relatives ~ again, without tax provided it doesn't exceed $10 million per person.
We get rid of the Foundations, distribute those assets to the heirs, and put all that money to good use.