The data is in! See what family owned businesses are saying about today’s challenges and opportunities.
Today, the House approved the Senate’s version of Republicans’ multi-trillion-dollar reconciliation package, known as the One Big Beautiful Bill Act (H.R. 1), by a vote of 218-214, with Reps. Brian Fitzpatrick (R-PA) and Thomas Massie (R-KY) joining all Democrats in opposition.
The vote on final passage followed several hours-long procedural votes where House Republican leadership and the White House worked to consolidate Republican support for the Senate-passed bill. Following the end of debate, Democratic Leader Hakeem Jeffries (D-NY) also gave an hours-long floor speech in opposition to the reconciliation bill. The reconciliation package now heads to the White House, where President Trump is expected to sign the bill on July 4.
What is Included in the Final Legislation? Click here to read notable tax provisions in the final legislation.
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The need for fact-based reporting of issues important to family owned businesses and protecting a lifetime of savings has never been greater. Now more than ever, successful families and family owned businesses are under fire. That's why Family Enterprise USA is passionately working to increase the awareness of issues important to family owned businesses built on hard work, while continuing to strengthen our presence on Capitol Hill. The issues we fight for or against with Congress in Washington DC include high income tax rates, possible elimination of valuation discounts, increase in capital gains tax, enactment of a wealth tax, and the continued burden of the gift tax, estate tax and generation skipping tax.
Family Enterprise USA promotes generationally owned family business creation, growth, viability, and sustainability by advocating for family businesses and their lifetime of savings with Congress in Washington DC. Since 2007, Family Enterprise USA has represented and celebrated all sizes, professions and industries of family-owned enterprises and multi-generational employers. It is a bi-partisan 501.c3 organization. Family foundations can donate.
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