It's time to cut rates again. Repeal the death tax immediately. The GOP death tax elimination plan is defective. It would phase out this tax over 11 years. A later Congress can come along and suspend the phase-out.
Immediate repeal is the best option.
The death tax is economically counterproductive because it penalizes those who save and rewards those who consume all their wealth before they die. We should strive for the lowest rate. Expand IRA and 401k supersaver accounts. Stop double-taxing their savings. IRAs and 401k's are extremely popular and effective pro-savings vehicles.