MT GOP misleads on estate tax
No surprise there, eh? Here’s a bit from the E-brief:
Repealing The Death Tax Is Important To Montana Farmers And Small Businesses
“Only 30 Percent Of Family Businesses Make It To The Second Generation And 13 Percent Survive To The Third.” (Op/Ed, Dick Patten, “Estate Tax Hurts Family Businesses,” Seattle Post – Intelligencer, July 28, 2005)
This is the only real statistic in the section. The other points are quotes from people saying the estate tax is bad, but without any evidence.
It’s an interesting statistic, isn’t it? What does it have to do with the estate tax? Nothing. No one has been able to find a small business or family farm that had to be sold to pay estate taxes. Very few even pay any estate taxes. The MT GOP is trying to insinuate that the estate tax is somehow responsible for this stat, but that’s all they can do. It’s bullshit and they know it.