[Congressional Record Volume 146, Number 90 (Thursday, July 13, 2000)]
[Senate]
[Page S6586]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                       DEATH TAX ELIMINATION ACT

  The PRESIDING OFFICER. The Senator from Nevada.
  Mr. REID. Mr. President, what is the pending business?
  The PRESIDING OFFICER. The clerk will report H.R. 8.
  The legislative clerk read as follows:

       A bill (H.R. 8) to amend the Internal Revenue Code of 1986 
     to phase out the estate and gift taxes over a 10-year period.

  The Senate proceeded to consider the bill.
  The PRESIDING OFFICER. The Senator from Nevada.
  Mr. REID. As I conferred with the Chairman of the Finance Committee, 
the first amendment that the two leaders wish to be offered today is 
the Democratic alternative, which the senior Senator, the ranking 
member of the Finance Committee, will offer as soon as he completes his 
business with the guest Chaplain.
  I indicate to all Senators listening, this matter has 2 hours evenly 
divided. Of course, we note at 9:30 we are in a break for 3 votes. So 
there is no need that we necessarily have to have the full 2 hours of 
debate on each side. Our leader has directed me--I am trying to think 
of a gracious way of saying this. I am going to be the one who 
distributes the time on the bill, and inasmuch as we have only 20 
minutes after time is evenly divided, on each of the 20 amendments we 
have today, we have to watch everything and make sure we follow the 
time guidelines. The leaders are not sure when votes will occur, other 
than the 9:30 votes.
  At this time I yield to the Senator from Delaware.

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