James Hill: “I have had over 40 meetings since January in Montana. At every one of those town meetings people asked me about the…”

“I have had over 40 meetings since January in Montana. At every one of those town meetings people asked me about the death tax. The death tax today is the largest single threat to the family farm or ranch. What is happening in Montana, families are having to sell or liquidate their farm and ranch. In many instances they are being forced to subdivide those family farms and ranches in order to pay this tax. We have to keep in mind that this is not a tax on the heirs. This is a tax on the deceased. As the gentleman mentioned, it is time that death was not an event that created a tax burden. I also want to point out that there is a link between the estate tax reform and capital gains tax. Because one of the things that many people do in planning their future, planning their estate is to in some combination give the property to their children, leave it in an estate or sell part of it in order to secure their own retirement.”