Center on Budget and Policy Priorities: Combined Effect of Senate Proposals Would Be to Finance Near-Repeal of the Estate Tax with Cuts in Medicare, Veterans Benefits, School Lunches, and Other Programs
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http://www.cbpp.org/8-9-06bud.pdf>
The CBPP paper demonstrates how under the course that the Senate leadership is pursuing, as reflected in the House estate tax bill and Gregg bills that change federal budget rules, multi-million-dollar tax cuts for the estates of the wealthiest individuals in the nation would likely be financed by steep cuts in basic health, retirement, and other benefits for tens of millions of other Americans of more modest means.
edit: I received this email with an impossibly long title, so of course I chose the most inflammatory portion.