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‘One Big Beautiful Bill’ Wins for Family Business Detailed in New Family Enterprise USA Podcast
Family Enterprise USA Talks with Capitol Hill Tax Experts on What the Passage of the New Tax Bill Means for Family-owned Businesses Going Forward
In a new podcast episode from Family Enterprise USA, three Capitol Hill insiders and tax experts provide insights and benefits family-owned businesses can expect with the recent passage of the “One Big Beautiful Bill Act.”
In the podcast, the tax experts discuss the bill’s provisions with host Pat Soldano, President of Family Enterprise USA and Policy and Taxation Group, both based here.
The podcast series, “The Voice of Family Business on Capitol Hill,” is available on Spotify, and can be found at: www.familyenterpriseusa.com/podcast.
New Tax Bill Wins
The podcast, entitled “How the Passage of the ‘One Big Beautiful Bill’ will affect Family-owned Businesses,” details for listeners what the new tax bill means for family-owned businesses, its positive provisions, and what concerns lie ahead.
During the episode, Soldano speaks with experts Mark Warren, shareholder of the law and government affairs firm, Brownstein, and Caren Street, Principal, and Michael Hawthorne, Associate, of the law and government affairs firm, Squire Patton Boggs, respectively.
Mark Warren, of Brownstein, is a leading tax policy expert, having worked on every major tax-policy debate since the Clinton administration.
Caren Street, a seasoned Washington, D.C. operative with 17 years of experience on Capitol Hill and in government relations, is principal in Squire Patton Boggs’ Public Policy Practice Group. Prior to joining the firm, Caren gained 14 years of bipartisan, bicameral and leadership experience on Capitol Hill.
Hawthorne, an associate in Squire Patton Boggs’ Public Policy Practice, has experience on Capitol Hill and in government investigations. He advises major corporations, organizations, and nonprofits on complex policy issues, with an emphasis on taxation, energy and transportation and infrastructure.
“The most significant result from the passage of the bill is certainty,” said Warren during the discussion. “Knowing what the rates and deductions will be goes a long way for business planning,” he said.
Street’s view of the bill is that it also reflects “not just tax policies, but also the spending policies of the new Administration.”
Hawthorne discusses how the new tax bill is a “culmination of years of work,” while Soldano says the result is the “top ten priorities are all being addressed” for family-owned businesses.
The podcast series from Family Enterprise USA (FEUSA) provides the latest news, expert opinions, and insights affecting the country’s largest employer, America’s Family-owned Businesses, and the family offices that support them.
FEUSA advocates for family-owned businesses, family offices, and successful families from around the country and from all industries. Policy and Taxation Group is the Voice of Family Offices and Successful Individuals in Washington, D.C., focused exclusively on the Tax and Economic Issues that impact them.
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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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