> At $12 million, the estate tax exemption excludes all but the top 1% of wealthy. There’s over a million households in that group.

Far fewer than 1% of estates pay an estate tax, but rather closer to a tenth of that. It's nowhere near a million households currently subject to it. https://www.taxpolicycenter.org/briefing-book/how-many-peopl...

You might use that fact to support the second half of your argument, of course.