Adam Smith: “You know, what you have also led to is another part of the contract. We deal with inheritance tax reform in the…”

“You know, what you have also led to is another part of the contract. We deal with inheritance tax reform in the contract, and I would like to go even further, whether it is a small business person, usually it is, or the tree farmer in my area. They are having to actually sell their small businesses to pay the inheritance tax. By the time they get done, they can pay nearly 70-some percent in taxes, and they literally are often cash poor. In our area now they are mowing down trees on these family farms. We grow trees in Washington. They have to cut them down prematurely so they can pay inheritance tax to barely hold onto the property. That is pitiful. In the contract we say middle America should not have to give away the farm to the Government. It is unfair. They have paid taxes on that. It goes to their families. It should not be lost to Government. And so this contract has a great amount of compassion for middle-class America in it, and that is what made it attractive to me as a candidate to be able to talk about it, and now as a policymaker, it is in my mind a gift we can give to the American people that we will be able to be proud of for many years to come.”