Sen. Mark Pryor (D-AR) is working on a bill to cut back the estate tax. ryor said his plan would increase the exemption to $5 million and set the tax rate at 35 percent. "It really takes care of the small business family farm problem we have in the state," Pryor said about his plan. "It doesn't completely fix up everybody, but it makes it so much better for virtually everybody." He said less than 3 percent of taxpayers actually pay the estate tax. "We're not talking about the 97, 98 percent who don't pay it," he said. "We're trying to fix it for people in small towns who own a car dealership, own a convenience store (or) have a farm." I hope the Waltons are happy.