I do not believe the estate tax should be repealed. I think it has been very cleverly designated as a "death tax." It's really a tax to prevent us from having inherited wealth generation after generation which would undermine the kind of spirit and meritocracy that the United States stands for. And there are a lot of economic reasons why it is just not affordable... I will strongly support the maintenance of the estate tax.
~ Hillary Clinton, as appeared on CNBC with Warren Buffett, December 11, 2007