Nickname for the
1986 law championed by
Bob Dole primarily for the benefit of his million-dollar
benefactors
Ernest and Julio Gallo.
The Center for Public Integrity has estimated that the bill has allowed the Gallo dynasty to dodge over $100 million in taxes. Specifically, it allows any person to give up to $2 million per year as a gift to each grandchild without the money being taxed.
Without Dole's help, the Gallos would have been able to give only $1 million per year tax-free to each of their over 20 grandchildren.
SOURCE: http://www.cnn.com/ALLPOLITICS/1996/analysis/time/9609/23/dole.shtml