1. Short title This Act may be cited as the Estate Tax Rate Reduction Act . 2. Reduction of rate of tax on estates, gifts, and generation-skipping transfers (a) In general Section 2001 of the Internal Revenue Code of 1986 is amended— (1) by striking subsection (c) and inserting the following: (c) Rate of tax For purposes of determining the tentative tax, the rate of tax shall be 20 percent of the amount with respect to which the tentative tax is computed. ; and (2) in subsection (g)(1), by striking rates of tax under subsection (c) and inserting rate of tax under subsection (c) . (b) Conforming amendments (1) Section 2056A(b)(2) of the Internal Revenue Code of 1986 is amended— (A) in subparagraph (B)(i), by striking highest