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.
Public Invited: Attend the Fall Congressional Family Business Caucus Meeting, Sept. 18; Focus on Family Enterprise Structure, Expiring Taxes
The public is welcome to attend the bi-partisan Congressional Family Business Caucus Meetings, Sept. 18, held in the Longworth Building on Capitol Hill from 4PM to 5PM.
Following the meeting, there will be a reception open to all. The meeting’s focus is on family enterprise structure, expiring tax legislation, and other critical issues facing America’s family businesses.
The bipartisan Congressional Family Business Caucus has 49 House members, and often features several of its four co-chairs: Rep. Brad Schneider (D-Ill), Henry Cuellar (D-TX), Rep. Claudia Tenney’s (R-NY), and Rep. Jodey Arrington (R-TX).
For more information, contact John Gugliada, Director of Family Business Engagement, Family Enterprise USA at: jgugliada@family-enterpriseusa.com. Or, John Marino, Director of Family Office Engagement, Policy and Taxation Group, jmarino@policyandtaxationgroup.com.
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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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