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.
Policy and Taxation Group Names Kip Peterson New Board Chairman as Longtime Chairman Brett Rousch Retires from Post
Advocates for Family Office Clients, Successful Individuals, and Family Businesses See 2024 Election Year as Important Tax, Workforce, and Regulation Issues
The Policy and Taxation Group, advocates for family office clients, successful individuals, and family businesses, has named Kip Peterson to the post of Chairman, taking over for retiring Chairman Brett Rousch, it was announced today.
Peterson, Associate General Counsel at multi-generational single-family office, Waycrosse, Inc., Wayzata, Minn., has been a Policy and Taxation Group (PATG) Board Member since 2022. Peterson takes over as Chairman on April 1, 2024.
The announcement was made by Pat Soldano, the President and Founder of the bipartisan, non-profit group. Soldano is also President of PATG’s sister non-profit organization, Family Enterprise USA.
Rousch, who is retiring from his position, has been PATG Chairman since 2018 and a Board Member for 25 years. Throughout his leadership, Rousch has been a strong advocate for tax reform and other critical issues affecting clients of family offices, successfully individuals, and family businesses. PATG’s mission is focused exclusively on tax, workforce, and economic issues.
“Brett has been an outstanding leader for the Policy and Taxation Group and has been critically important to our guidance and success,” said Soldano. “He will be greatly missed by me personally and everyone who has worked with him at Policy and Taxation Group, but we wish him well in his retirement,” she said.
Rousch heads family office ELD Associates, LLC, Chattanooga, Tenn. The firm’s focus is on tax and estate planning, investments, and family-owned businesses.
“I look forward to working with Kip Peterson in handing over my leadership and seeing the continuation of the important work of the Policy and Taxation Group,” said Rousch upon his retiring. “Working with Pat and her team has been one of the most rewarding experiences of my career,” he said. “Getting our messages out to our legislators on Capitol Hill has never been more critical.”
At Waycrosse, new PATG Chairman Peterson oversees the firm’s transactional legal practice, including contracts, corporate governance, real estate, and investment transactions, and manages litigation and dispute resolution for both Waycrosse and its clients.
“I’m excited to be named Chairman of Policy and Taxation Group,” said Peterson of his new role. “The work Brett and Pat have been doing is critical, and I hope to continue advocating strongly for clients of family offices, successful individuals, and family businesses, to get our messages heard in Congress,” he said.
Peterson also leads Waycrosse’s risk management team and serves on the Waycrosse Risk and Technology Committee.
“We are grateful to have Kip take over the thoughtful leadership Brett has given the Policy and Taxation Group,” said Pat Soldano in naming Peterson. “Kip also understands the many complexities that burden the clients of family offices, successful individuals, and family businesses,” she said.
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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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