Just a few months ago, the pendulum was swinging far in the other direction, but now it appears there is more interest in fighting if not completely eliminating the federal Estate Tax, or as it is often called, the Death Tax. Back in the summer, we advised you of some significant proposed changes in IRS regulations that would have a major impact on franchisees, specifically in the area of family gifts and bequests. Since that time, we have closely monitored the issue through business groups such as the Coalition of Franchisee Associations (CFA) and others. In fact, the CFA current Chairman Keith Miller and Vice Chairman Rob Branca both submitted written testimony opposing the proposed new 2704 estate tax regulations in November and more recently, both testified in person on the issue at a December 1 hearing on the rule. With the election of President Trump, prospects for defeating the 2704 estate tax regulations improved dramatically and with Trump’s Treasury Secretary nominee Steve Mnuchin being confirmed by the Senate this week, the new 2704 regulations appear all but dead themselves at this point. Moving forward, efforts to completely repeal the Estate Tax appear to be gaining more momentum as Colorado Senator Cory Gardner jumped on as a co-sponsor of the Death Tax Repeal Act. The bill has been filed consistently over the past three years with over 200 supporters in Congress. We’ll keep you posted on any new developments as we learn of them.