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.
With just 14 days remaining until Election Day, both the Harris and Trump campaigns are ramping up their voter outreach efforts in critical battleground states.
Over the weekend, former President Trump made headlines while working the drive-thru at a McDonald’s in Pennsylvania, aiming to connect with undecided voters. Meanwhile, former President Barack Obama and former First Lady Michelle Obama are set to join Vice President Kamala Harris for campaign stops in Georgia and Michigan.
Republicans and Democrats are battling for key, last-minute momentum in the race for the 119th Congress. Polls in several Rust Belt Senate races – must-win seats for Democrats – are tightening as Republicans seek to topple Democratic incumbents and regain a Senate majority. Meanwhile, House Democrats see a path towards the House majority by appealing to suburban voters in districts currently held by Republicans in states like California and New York.
Stay informed with “Elections Edge” for a weekly snapshot of pivotal campaign developments; updated forecasts for the White House, Senate and House; and insights into the races that will shape the balance of power next year
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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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