Senate Minority Leader Mitch McConnell, R-Ky., introduced legislation this week that would limit the alternative minimum tax, apply the estate tax only to estates worth more than $5 million for individuals and $10 million for couples, and make income tax cuts introduced by the George W. Bush administration permanent for all income levels. Although McConnell's aides said they did not yet have a cost estimate for the proposal, the Congressional Budget Office forecast that the plan would cost more than $4 trillion during the next decade.

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