Bush has proposed in his recent budget a complete repeal of the estate tax.
Who would benefit:
The Waltons of Wal-Mart fame.  It is estimated they would save $32.7 BILLION over the next 10 years.
Who would not: 
Medicaid recipients, whose benefits are poised to be cut by $28 BILLION in the next 10 years.
Benefit:
Heirs to the MARS candy fortune.  They stand to reap $11.7 in tax cuts.  That is more than 3 times the proposed cuts to the VA budget over the same period.
Others:
  • Cox family (Cox cable TV) receives $9.7 billion tax break while education would get $1.5 billion in cuts

    * Nordstrom family (Nordstrom dept. stores) receives $826.5 million tax break while Community Service Block Grants would be eliminated, a $630 million cut

    * Ernest Gallo family receives a $468.4 million cut while LIHEAP (heating oil to poor) would get a $420 million cut.
 
Eighteen (18) super-rich families have bankrolled the effort to repeal the estate tax.  And they will lie, cheat and steal to make their point.  For example, In a massive public relations campaign, the families have also misled the country by giving the mistaken impression that the estate tax affects most Americans. In particular, they have used small businesses and family farms as poster children for repeal, saying that the estate tax destroys both of these groups. But just more than one-fourth of one percent of all estates will owe any estate taxes in 2006. And the American Farm Bureau, a member of the anti-estate tax coalition, was unable when asked by The New York Times to cite a single example of a family being forced to sell its farm because of estate tax liability.
 
While they extol the hard work of individual farmers and small businesses, most of the 18 families have been wealthy for generations; only five still include the people who first earned the family fortune. Members of the families are far less likely than most Americans to have paid taxes on their wealth; to a large extent, that wealth lies in assets that have appreciated but, unlike paychecks, have never been taxed.

Let’s listen to some other not-so-selfish rich folks about the estate tax.“The estate tax should be regarded as just paying back to the country for all the wonderful things it’s made possible for the people who have that wealth,” said Bill Gates Sr. in an audio statement played at the press conference. “I don’t think there’s any great societal goal being served by inherited wealth. And certainly there’s no sensible argument that I can think of for insisting on being able to pass the last penny of $100 million on to your three kids.”
Paul Newman, actor and founder of Newman’s Own food company, agreed in a separate statement: “For those of us lucky enough to be born in this country and to have flourished here, the estate tax is a reasonable and appropriate way to return something to the common good. I’m proud to be among those supporting preservation of this tax, which is one of the fairest taxes we have.”
So, Bush wants to give huge tax cuts to the wealthiest top two-tenths of the top one percent of the richest people in this country, and do to so would cut education, Medicaid, Veterans, heating oil to the poor and our communities. 
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