Estate Tax Blog

Wednesday, September 26, 2018 6:00pm Supporters and Members Dinner Acqua Al 2 212 7th Street SE Washington DC Thursday, September

Chairman Brady intends to have the House address the 2018 Tax Bill 2.0 when they return from August recess; note

New Survey of Family Businesses Reveals Commitments, Challenges, & Concerns Ahead Family business are key drivers of economic development, but

Congressman Devin Nunes (CA-22) has introduced a bill in the House of Representatives to eliminate capital gains taxes on inflation.

Policy and Taxation Group Supporters Meeting When Thursday, September 27, 2018 from 10:00 AM to 2:00 PM EDT Where Washington

Before leaving for last week’s Fourth of July Recess, Ways and Means Committee Member Rep. Kenny Marchant (R-TX) introduced H.R.

My personal view, for what is might be worth, is that lowering the corporate tax rate from the current 35%

June 13, 2018 My father started an aerospace component manufacturing business March 31, 1961 in Maywood, California. He started it

As a family owned business for 97 years now, White Castle has learned a lot about what it takes to

A family operating 100 hardware stores in the Midwest had to sell the business to a private equity firm in

House Ways and Means Committee Chairman Kevin Brady (R-Texas) said that tax-cut legislation he hopes to unveil in August will

Chairman Kevin Brady has indicated that he would like the House to vote in July, on making all individual tax

Revised July 9, 2018 PATG State Death Tax Chart – July 9, 2018 This chart is maintained for the Policy

Politico: MARK YOUR CALENDARS: Might there be another tax vote in Congress around the time fall rolls in? House Ways

TAX POLICY: THE POLITICS OF IT ALL Last year was a historic year for tax reform with the “Tax Cuts

I wanted to share the below that was published by Tax Notes on Friday, May 25th, 2018. The White House

Photos from a recent visit to The Hill by Policy And Taxation Group to talk about the estate tax and

The Honorable Adrian Smith U.S. Congressman, Third District of Nebraska Chairman, House Ways and Means Human Resources Subcommittee 1102 Longworth

Family Businesses in the United States Family Businesses in the US3,001,060 of US JOBS (1) $1.7 Trillion of combined revenue

Policy & Taxation Group invites you to attend a reception and discussion hosted by Don and Greg Root. Last year

As you know, with Rep. Kristi Noem (R-SD) running for Governor of South Dakota, we need a new champion for

Update and Extend Earlier Estimates of Proposals to Modify The Estate, Gift and Generation Skipping Transfer Taxes In this memorandum

By Anna Edgerton; Bloomberg BNA The House will hold a vote this year to make individual tax cuts permanent, according

Since it is possible that additional estate tax “relief” may be possible this year, and unlikely that we’ll see total

Since it is possible that additional estate tax “relief” may be possible this year, and unlikely that we’ll see total

Tax cuts, Round 2: GOP looks to punish Democrats in 2018 POLITICO Magazine By BURGESS EVERETT and RACHAEL BADE –

Just in case you missed it; In the House Ways and Means Subcommittee Tax Policy Subcommittee Hearing last week, Chairman

Revised March 18, 2018 PATG State Death Tax Chart – March 18, 2018 This chart is maintained for the Policy

Policy and Taxation Group submitted this letter for Ways and Means Tax Policy Subcommittee Hearing held on Wednesday 3/14. The

To prepare for the opportunities in the year ahead, we have already begun engaging with lawmakers and identifying our champions

By Toby Eckert Senate Democrats unveiled on Wednesday a $1 trillion infrastructure plan that would be funded by repealing numerous

If you happen to be in the Orange County, CA area and would like to hear my presentation as described

By Allyson Versprille and Jorge Uquillas Estate tax repeal efforts aren’t dead, but tax law changes will make it harder

Wishing you all the very happiest of New Years, with the hope that the surprises that lie ahead in 2018

Highlights of recently enacted Tax Reform Bill (HR1 “Tax Cuts and Jobs Act of 2017”) Individuals Double the estate, GST

Earlier today President Trump signed the just-passed tax reform legislation into law. Though there had been discussion that the President

The U.S. House again passes sweeping rewrite of the tax code with a vote of 224-201 of voting in favor

On Friday, December 15, 2017, the Conference Committee for the Tax Cuts and Jobs Act released and approved its conference

BY HARRY ALFORD, OPINION CONTRIBUTOR – THE HILL – 12/08/17 12:00 PM EST ( THE VIEWS EXPRESSED BY CONTRIBUTORS ARE

Members Contact Info Below This will be a very important week, the Conference Committee meets Wednesday 12/13. I will be

Both Republicans and Democrats Senate Republicans Finance Committee Chairman Orrin Hatch (R-UT) 202 224 5251; hatch.senate.gov Senator John Cornyn (R-TX) 202 224 2934; cornyn.senate.gov Senator John Thune (R-SD) 202 2242321; thune.senate.gov Senator Rob

Earlier this morning, the Senate voted 51-49 to pass its version of the Tax Cuts and Jobs Act, with Sen.

Frank Luntz and Luntz Global Partners November 15, 2017 Priorities are crystallizing. As the first year of President Trump’s administration

Braving Backlash, Patricia Soldano Of Anaheim Hills Is The Invisible Leader In Killing Estate Tax By DAVID WHITING | dwhiting@scng.com

Fourth and Final Report: House Ways and Means Committee Markup of H.R. 1, Tax Cuts and Jobs Act As we

House Ways and Means Committee Votes to Phase Out the Death Tax by 2024; Senate Finance Committee Proposes to Double

Quantria Strategies; Final report September 2017 Revenue Analysis of Options to Reform the Federal Estate, Gift and Generation Skipping Transfer

House Said to Release Tax Bill Text Next Week By Laura Davison The House Ways and Means Committee is scheduled

Earlier today, the White House, House Ways and Means Committee, and Senate Finance Committee released their highly-anticipated “unified framework” for

By Brandon Roman of Squire Patton Boggs Law Firm Last week, the Policy and Taxation Group held its annual Supporters

Revenue Analysis Of Options To Reform The Estate Tax, Gift tax And Generation Skipping Transfer Tax Our federal transfer tax

In 2005, Elizabeth Marshall Maybee inherited a 3000-acre Northern California ranch from her grandmother that had been in the family

Tom Crowder’s grandfather had a passion for the outdoors and sustainability. This was reflected in the 6,000 acres of pines,

Seventh-generation cattleman Bob McKnight has faced the death tax on multiple occasions, with effects that have been exacerbated by dramatic

The Page Family began farming in the 1880s, when Jeff Page’s great-grandfather purchased 50 acres of land in Napa Valley

Just outside Nashville, Brandon Whitt operates Batey Farms with his wife, Katherine, and father-in-law, who owns the property. Established in

When Tom and Leslyn Jacobs first got married, buying land was simply a dream. Indeed, they were both young foresters

In 1973, Karen Madonia’s father purchased Illco, a Chicago-based distributor of parts and supplies for heating, ventilation, air conditioning, and

The federal unified transfer tax on estates, gifts, and generation-skipping transfers may appear to be attacks born solely by the

Support for the estate tax is based on three major claims. One, inheritance is are a major source of wealth

The Federal gift and estate tax has come to be known as the death tax. There are several proposals to

Despite President Obama’s best efforts, the death tax remains a lightning rod in tax policy. Even the New York Times

Our job today, Define family business, provide the best available statistics on family businesses, judge the quality of each satistics,

Our beloved 101 “acre California farm-my small family’s one asset- has been in my family since 1942, when it was

This paper is the second in a series of Tax Foundation studies examining Federal transfer taxation. The first of these

We begin with a simple statement of the facts about death taxation. America has had a death tax of some

Tea Party Threatened By Death Tax. Estate Valuation Prove Problematic For Oregon Timberland Owners. The Death Tax Chronicle is brought

Summarized below are the results of a survey of 272 family owned and operated businesses which are members of the

Mr. Syman is worth multi-millions – interests include real estate holdings, shopping center/strip mall developments, restaurants, etc. He is 66

Our great United States thrives because of the concept of capitalism and the promotion of an entrepreneurial spirit With those

The American free market typically rewards success and encourages growth, unless you happen to be a family-business owner. My family

My mother is 86 years old. My father died in ’94. They grew up during the depression. My mother’s father

The Estate Tax kills jobs. It kills the companies that provide jobs. In the process, it kills towns and communities,

Mr. Goebel, the owner of the bus line and a hockey rink, currently has a “buy/sell” arrangement with his brothers

My father owned a small business which provided health products to his long time customers. Upon his death, we had

I am only 36 yr old and have been in the financial planning field for 8yrs. My clients average age

My Mother in law recently passed away. She lived in Minden, Ne. all her life. She and her late husband

I have not had to sell assets yet but as it stands upon the death of my father, because of

My family has almond land, rice land and cattle land in California. Our forefathers settled on the cattle land in

Dear Ms. Soldano: I want Congress to do something about reducing the death tax if they won’t repeal it. It

New Data On The Effects Of The Death Tax Almost twice as many family members sell their business or property

Clarity is scarce, and at a premium, in Washington today. Complicated, complex, and contentious issues abound. Healthcare, immigration, foreign relations.

New Survey of Family Businesses Reveals Strengths and Challenges Ahead Family business are key drivers of economic development, but taxes

With tax reform now in the spotlight of political debate, repeal of the “estate” or “death tax” has moved to

President Trump has proposed a comprehensive tax reform plan that includes a complete repeal of the estate tax. The details

On Tuesday (1/24/17), Rep. Kristi Noem (R-SD) and lead co-sponsor Rep. Sanford Bishop (D-GA) introduced legislation (H.R. 631) in the House

On Monday (1/9/17), while speaking to the Heckerling Institute on Estate Planning in Orlando, Florida, Kathy Veihmeyer Hughes of the Treasury Department’s Office

Revised July 17, 2017 PATG State Death Tax Chart — July 17, 2017 This chart is maintained for the Policy

South Dakota Sen. John Thune and other top Republicans recently announced their intentions to launch a new drive to repeal

House Majority Leader Rep. Kevin McCarthy (CA) along with Republican committee chairmen have sent a letter to all government agencies urging

The American College of Trust and Estate Counsel (ACTEC) has just released a detailed response on Treasury’s proposed regulations under

Our voices have been heard! See below for an article on the sizable number of businesses and trade groups that

BNA Snapshot * Senate opposition letter possible this week * Lawmakers upset administration is using regulatory process for estate tax

Please click the link below to view the replay of FOX’s most recent webinar on the impact of proposed Section

I would like to bring to your attention an article from the Wall Street Journal discussing Hillary Clinton’s proposals for

We have several updates from Capitol Hill this week, particularly regarding the proposed Treasury regulations. Please click this link for

BNA Snapshot * Estates over $50 million give most to charity * If tax repealed, wealthy might lose incentive to

  OPINION  REVIEW & OUTLOOK A Stealth Death Tax Increase Treasury again rewrites longstanding interpretations of law Sept. 5, 2016

Proposed Section 2704 Regulations Would Impose Major Restrictions on Valuation Discount Planning Long-awaited proposed regulations under Section 2704 of the

On August 2, 2016, The Internal Revenue Service (IRS) issued much anticipated proposed regulations that would limit the use of

BNA Tax Report The IRS may face an uphill battle as it works to finalize recent proposed regulations meant to

Yesterday, the US Treasury Department released long anticipated guidance under IRC Section 2704 designed to close tax preferences on the

With the Republican Convention coming to a close and the Democrat Convention opening next week, tax policy continues to be

The IRS has recently released a draft of instructions for Form 706 concerning estates of decedents who died after Dec.

According to a recent study published by the Tax Foundation, presumptive Republican presidential nominee Donald Trump’s estate tax proposal would

We thought this story about the launch of a potential rival lobbying organization featured in Politico would be of interest to

The results of the 2016 presidential and congressional races could hold significant sway over the future use of grantor-retained annuity

During an address to the American Bar Association Taxation Section over the weekend, Melissa C. Liquerman, Branch Chief within the

The Estate Tax Turns 100 years old this year! It is time to kill it once and for all! Please help us

Rep. Sander Levin, the top Democrat on the House Ways and Means Committee, recently released a new bill that brings

PATG continues to monitor the anticipated year-end release of Treasury regulations under Section 2704 that could place limits on the

Early this morning, Congressional leaders announced that an agreement had been reached to pass a $1.15 trillion deal on spending and tax

Policy and Taxation Group is excited to announce that Rep. Kevin Brady (R-TX) has just officially been announced as the

Family Enterprise USA releases an annual survey in order to gather updated data on the state of family businesses throughout

Each American Dream recently received back the results from our national survey of Hispanic voters and would like to share

We would like to share with you Each American Dream’s latest op-ed, authored by our Chairman Pat Soldano and published

Policy and Taxation Group’s sister organization Each American Dream (EAD) is in the midst of an exciting research project among

Over the weekend, it came to light that the British Conservatives will soon announce plans to reduce the scope of

On June 25, U.S. Presidential hopeful Sen. Bernie Sanders (I-VT) presented legislation calling for an across the board hike on

This was originally posted as an op-ed in Roll Call. By Tyler Deaton For the first time in a decade,

This week, President Obama released his budget proposal for Fiscal Year 2016, outlining his spending and tax agenda for the

As we previously reported, PATG has been tracking speculation from inside and outside Washington that the IRS may issue proposed

I wanted to take this opportunity to notify you of some changes at Policy and Taxation Group (PATG), and formally

Last night, the President gave his sixth State of the Union address where he outlined his policy agenda for the

Source: The Hill By Jeff Cook-McCormac If there is a lesson to be learned from the 2014 midterm elections, it

Source: The New York Times By Frank Luntz On election night 1994, as Republicans recaptured the House for the first

Over the past several months, PATG has been tracking speculation from inside and outside Washington that the IRS may issue

Seattle Times NEWS that the last family farm in Issaquah is being sold for residential development is a reminder of

By Frank Luntz June 18, 2014 To see the full presentation, click here.

Frank Luntz – an Each American Dream survey found that 78% of Americans now say that working hard and doing

By Frank Luntz January 28, 2014 To see the full presentation, click here.

Economic inequality has become the left’s great hope for recovering its political integrity after the Obamacare disaster. President Obama, trying

DENVER – They had $10 million in contributions, a barrage of advertising and support from the usually warring factions of

Beginning early in his re-election campaign, President Obama began voicing his belief that our broken tax system and mounting deficit

I learned to appreciate the American free enterprise system by quitting a job in Spain. At age 19, I dropped

With the November 6 elections in the rear view, thoughts turn to the lame duck session and the coming 113th

Array

With just a little more than 2 weeks left until election day, the candidates are angling on tax policy and

Array

Array

Array

On August 1, it was another busy day in Washington as Congress aimed to finish business (for now) on key

August 1 was a significant day in the ongoing congressional battle over tax policy. Levin Amendment – During consideration of

On July 25, intense activity in tax policy debate returned, and estate tax relief is back in the center of

Array

Array

The Senate Republican proposal, which would have extended current rates for all taxpayers and preserved the 35/5 estate tax parameters,

Array

Array

Leaders of both parties are preparing outlines of legislation to extend or provide additional payroll tax relief, neither of which

Array

Array

Array

Array

Array

Array

Array

Array

Array

Array

Array

Array

Array

Array

Array

Array

Array

Array

Array

By Douglas Holtz-Eakin and Cameron T. Smith September 2010 A Study by the American Family Business Foundation Executive Summary  The

Array

Array

Array

Array

Array

Array

Array

Array

Array

Array

Array

Array

Array

Array

Array

Array

Array

Array

Array

Array

Array

Array

Array

Array

Array

Array

Array

Array

Array

Array

Array

Array

By Harry Alford April 26, 2006 Why does the National Black Chamber of Commerce support the permanent elimination or the

By the Seattle Times Company Editorial Board May 17, 2005 THE supporters of the death tax portray it as an

By Impacto Group June 1, 2004 Prepared for Patricia Soldano Overview “It [death tax] affects everybody. If I shut down

By CONSAD Research Corporation June 30, 2003 Approach CONSAD Research Corporation has developed a computer model for estimating the changes

By Nancy M. Pfotenhauer April 2002 Women have a special interest in how the death tax affects their families. In

By Frank Luntz April 24, 2001 Overview The message to policymakers from this poll is clear. Gay and lesbian Americans