The estate tax proposal by Hillary Clinton, the Democratic Nominee for President, is to lower the exemption from $5,450,000 (which is subject to increases with inflation) to $3,500,000, and to increase the rate of tax from 40% to 45%.
The estate tax proposal by Donald Trump, the Republican Nominee for President, is to eliminate the estate tax.
The estate tax proposal by the Obama Administration is under proposed regulations issued on August 2, 2016, which would greatly eliminate valuation discounts regarding transfers of business entities between family members. A public hearing on these regulations is scheduled for December 1, 2016.