WE WOULD INCREASE THE EXEMPTION FOR FAMILY-OWNED BUSINESSES AND
           FARMS FROM $1.3 MILLION TO $2 MILLION IMMEDIATELY AND TO $4
           MILLION BY THE YEAR 2009. THIS INCREASE WOULD ELIMINATE THE
           ESTATE TAX ON VIRTUALLY ALL FAMILY FARMS AND 75% OF THE
           FAMILY-OWNED BUSINESSES WOULD OTHERWISE BE SUBJECT TO ESTATE

           TAX. THIS MEASURE WOULD COST $64 BILLION OVER TEN YEARS,
           ROUGHLY HALF THE COST OF THE REPUBLICAN PROPOSAL. AND, OF
           COURSE, THE MEASURE THE HOUSE HAS SENT US, AS OUR CHAIRMAN HAS
           JUST STATED, IN THE YEAR 2010, REPEALS ALL ESTATE TAXES.
           THEREAFTER, THE TRUE COST WOULD BE APPROXIMATELY $50 BILLION A
           YEAR INDEFINITELY. WE THINK THIS ALY -- AN EXTRAVAGANT PROPOSAL

           DRIVEN BY THE -- THE LEGITIMATE POLITICS OF THE HOUR. I
           UNDERSTAND THAT. AND I UNDERSTAND THE PRESIDENT WILL VETO THE
           MEASURE. AND SO I LOOK FORWARD CONFIDENTLY WITH BEING PASSED
           AND VETOED AND NOT FOREFOR THE EN. IT WILL BE RAISED IN THE
           CAMPAIGNS, AND THAT, TOO, IS LEGITIMATE. I WOULD HAVE TO SAY
           SO, SIR, HAVING -- AS I LIVED ON A FARM FOR 36 YEARS WE HAVE
           LIVED ON A FARM IN UPSTATE NEW YORK, THE DAIRY FARMING WORLD OF

           THAT STATE, WHICH IS NOT -- WHICH HAS NOT PROSPERED FOR HALF A
           CENTURY, AND WE HAVE A -- WE HAVE A CONSIDERABLE NUMBER OF
           MEADOWS, AND ONE OF WHICH THE PRESS GATHERED A YEAR AGO -- JUST
           A YEAR AGO LAST WEEK -- TO HAVE MRS. CLINTON ANNOUNCE HER
           CANDIDACY FOR THE SEAT THAT I HAVE THE HONOR TO HOLD RIGHT NOW.

           AND THERE WERE HUNDREDS OF JOURNALIST THERE. IT AMAZED THE
           WORLD. AND I WOULD HAVE TO SUGGEST, SIR, IF YOU HAD AN EQUAL
           GATHERING OF FARMERS IN NEW YORK STATE, FAMILY FARMERS WHOSE
           FARM WOULD SELL FOR $2 MILLION, THE TURNOUT WOULD BE
           DECILLIATORY AND THE PRESS WOULD REPORT DISASTER. ANYBODY HERE
           KNOW A FAMILY FARMER WHOSE FARM IS WORTH $2 MILLION A YEAR?

           I DON'T MEAN FARMS IN THE EASTERN END OF LONG ISLAND, WHERE
           VINICULTURE TAKES PLACE WITH THE DELECTATION TAKES PLACE.
           

           A SENATOR: I DO.
           

           MR. ROTH: MY DEAR, ESTEEMED CHAIRMAN SAYS HE KNOWS SOMEONE, A
           FAMILY FARMER, WHOSE FARM IS WORTH MORE THAN $2 MILLION.
           THEREIN, SIR, LIES THE DIFFERENCE BETWEEN THE DEMOCRATIC AND
           THE REPUBLICAN PARTIES. I KNOW KNOW SUCH FARMER. MY FRIEND FROM
           DELAWARE DOES. AND WHAT MORE CAN I SAY HOW PLEASED I AM FOR
           HIM, HOW REGRETFUL I AM FOR THE TOIL-DRIVEN, POVERTY-STRICKEN
           FARMERS OF UPSTATE NEW YORK. AND WITH THAT, SIR, THE VOTE BEING

           NOW FOUR MINUTES LATE, I YIELD THE FLOOR -- I YIELD THE FLOOR
           AND SUGGEST THAT WE PROCEED TO REGULAR ORDER.
           

           THE PRESIDING OFFICER: UNDER THE PREVIOUS ORDER, THE CLERK WILL
           REPORT THE MOTION TO INVOKE CLOTURE.
           

           THE CLERK: CLOTURE MOTION. REWE, THE UNDERSIGNED SENATORS IN
           ACCORDANCE WITH THE PROVISIONS OF RULE 22 OF THE STANDING RULES
           OF THE SENATE, DO HEREBY MOVE TO BRING TO A CLOSE DEBATE ON THE
           MOTION TO PROCEED TO CALENDAR NUMBER 608, H.R. 8, A BILL TO
           AMEND THE INTERNAL REVENUE CODE OF 1986 TO PHASE OUT THE ESTATE
           AND GIFT TAXES OVER A TEN-YEAR PERIOD. SIGNED BY 16 SENATORS.
           

           THE PRESIDING OFFICER: BY UNANIMOUS CONSENT, THE MANDATORY
           QUORUM CALL HAS BEEN WAIVED.
           
           THE QUESTION IS: IS IT THE SENSE OF THE SENATE THAT DEBATE ON
           THE MOTION TO PROCEED TO H.R. 8, AN ACT TO AMEND THE INTERNAL
           REVENUE CODE OF 1986 TO PHASE OUT THE ESTATE AND GIFT TAXES
           OVER A TEN-YEAR PERIOD, SHALL BE BROUGHT TO A CLOSE. THE YEAS
           AND NAYS ARE REQUIRED UNDER THE RULE. THE CLERK WILL CALL THE
           ROLL.
           
           
           

           VOTE:
           
{END: 2000/07/11 TIME: 10-30 , Tue.  106TH SENATE, SECOND SESSION}