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.

Specialty Tools & Fasteners Distributors Association, American Bakers Association, and National Shoe Retailers Association Sign on as New Family Enterprise USA Association Members

 

Three Family Business-based Associations Join to Support Family Businesses, Create Stronger Voice on Capitol Hill 

 

Three industry associations, the Specialty Tools & Fasteners Distributors Association, the American Bakers Association, and the National Shoe Retailers Association have signed on as new Family Enterprise USA Association Members, helping to give a stronger voice to America’s largest private employer, family businesses.

The 2,200-member strong Specialty Tools & Fasteners Distributors Association (STAFDA), founded in 1976 and based in Elm Grove, Wis., has member companies comprised of distributors, associate/manufacturers, publishing affiliates, manufacturer representatives, and agents in the tool and fastener distribution industries, a large percentage of which are generationally-owned family businesses.

The American Bakers Association (ABA), based here, is the largest, most established, and diverse trade association for the commercial baking industry in the United States. ABA’s community includes more than 350 member companies, with many being family businesses. The group also represents over 1,200 commercial baking facilities and the larger baking industry supply chain.

The National Shoe Retailers Association, and its 2800 members, represents independent, family-owned and operated shoe stores. The NSRA, located in Tucson, Ariz., have members primarily located in a traditional downtown environment for decades.  With Main Street economics changing the retail landscape over the years, many family-operated shoe stores today are located in strip centers or enclosed malls.

Voice of Family Business

Family businesses are the largest private employers in the country, accounting for 83.3 million jobs, or 59 percent of the country’s private workforce, and contribute $7.7 trillion in GDP annually to the economy, according to research.

A key mission of Family Enterprise USA is to raise awareness among legislators of the importance of generationally-owned family businesses to the economy while also addressing unfair taxation, workplace development, and regulations that hurt family business success.

The support from these three important associations for Family Enterprise USA, and our bipartisan mission to advocate for family businesses on Capitol Hill, helps educate our legislators on the size and strength of family businesses in all industries throughout America,” said Pat Soldano, President, Family Enterprise USA and the Policy and Taxation Group, both bipartisan advocates for family business. “Many members of these associations are family businesses, and many are big businesses employing hundreds of workers,” she said. “Our leaders, with the help of these associations, must understand how vital they are to our economy.”

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As we prepare for what promises to be a pivotal year for America, we're asking you to consider becoming a member.

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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