Eliminates the Estate Tax.

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7. no, these doofuses really believe that they'll somehow actually *have* well over $5.5mm

i learned this lesson as a child in the '70s. my father (a physics professor) introduced me to a machinist for the physics department.
he had a decent job, but of course didn't make huge money at all.

yet he was an adamant republican. my father asked him why, given that republicans (even then) were all about helping only the wealthiest at the expense of people just like this machinist.

the machinist answered, "because someday i'm gonna be rich and i don't want the government taking my money at a higher tax rate!"

no plan, of course, for how this machinist, near retirement age, was ever possibly going to become rich.