Well, as I said in another post, I'm hedging my bets. I think I would probably support raising the exemption and lowering the %. As it is, the rates are too high and the exemptions too low. Just look at real estate prices these days, and you'll see that $1 mil isn't what it used to be.
So it seems to me the exemption should be raised. Hell, just off the top of my head, I could see raising it to $10 mil. That would get probably 99% of people off the hook right there. And the rate is extremely high: up to 55% or something. That seems like a bit much to me.
But then, I really don't expect to be exposed to the estate tax at all: I have no kids and don't expect to have any, so whatever wealth I amass is going to someone else when I perish anyway. One more reason I really don't care that much about the estate tax.
If you had a choice between keeping the estate tax and lowering the income tax to a flat 15% on the one hand, or dumping the estate tax and keeping the income tax the way it is, which would you do?
Nice try, pretending that those are the only two choices is a goofy tactic.