mr. speaker , i yield myself 90 seconds . 
you know , anyone in the accountant or tax-planning profession worrying about losing business because of the estate tax is going to be smiling broadly at the end of tonight when we pass this re-creation of capital gains tax and estates . 
in fact , the aba task force report devotes almost 70 pages to discussing the problems that exist with the new carryover basis rules in their legislation . 
the problems identified in the report include unequal treatment of capital losses , difficulty in applying basis adjustments to property sold during the administration of the estate , treatment of property with debt and excessive basis , treatment of installment loans , unequal treatment of pension assets , administrative problems with allocation to spousal property , discrimination in favor of spouses in community property states . 
even a cursory examination of that report leads to a conclusion that serious problems exist with the new rules and that their surface simplicity is quite misleading . 
let us just walk through some of the titles , some of the titles of the new capital gains law that they are going to have : basis increase for certain property ; limit increased by unused built-in losses and carryovers ; spousal property basis increases ; qualified terminable interest property ; definitions and special rules for application of subsections ( b ) and ( c ) ; fair market value limitation ; coordination with section 691 ; information returns , et cetera . 
and to think that for every one taxpayer getting relief under their proposal , an additional ten are now going to face this nightmare . 
it is a funny way to give tax relief . 
mr. speaker , i yield 4 minutes to the gentleman from california ( mr. sherman ) xz4003710 . 
