An increase in income tax rate means you'll pay a higher percentage of your income to the government. This directly reduces your disposable income, the money you have left after taxes for spending or saving. This can make it harder to afford basic necessities, save for retirement, or invest in your future.
Candidates for the US Senate and House of Representatives will soon depart Washington, DC, for the final campaign sprint, eager to secure undecided votes that will shape the 2024 elections.
Seven pivotal battleground states—Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania and Wisconsin—will decide the next President of the US. Polls show Vice President Harris and former President Trump in a dead heat, while Republicans hold a slight advantage in the race to retake the Senate majority and House Democrats gain momentum.
With just six weeks until Election Day, “Elections Edge” delivers a weekly snapshot of key campaign developments, updated forecasts for the White House, Senate and House races, as well as the key races that will likely tip the balance of power in 2025.
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The need for fact-based reporting of issues important to multi generational businesses and protecting a lifetime of savings has never been greater. Now more than ever, multi generational businesses and family businesses are under fire. That's why Family Enterprise USA is passionately working to increase the awareness of issues important to generationally-owned family 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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