Expressing the sense of the Congress that increasing the effective rate of taxation by lowering the estate tax exemption would devastate homeowners, farmers and small business owners, further hindering the creation of jobs and economic growth.

Declares that the Congress opposes any attempt to lower the estate tax exemption or raise the effective rate of taxes on estates because such measures contradict the fundamental goal of the United States Government of encouraging long-term private saving through which productive investment that promotes economic growth can be realized.