{"id":13014,"date":"2024-12-27T16:30:19","date_gmt":"2024-12-28T00:30:19","guid":{"rendered":"https:\/\/familyenterpriseusa.com\/?p=13014"},"modified":"2024-12-27T16:30:35","modified_gmt":"2024-12-28T00:30:35","slug":"saying-it-out-loud-by-pat-soldano-december-2024","status":"publish","type":"post","link":"https:\/\/familyenterpriseusa.com\/feusa\/saying-it-out-loud-by-pat-soldano-december-2024\/","title":{"rendered":"Saying It Out Loud, By Pat Soldano. December 2024."},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;22px|||||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row admin_label=&#8221;CTA&#8221; _builder_version=&#8221;4.16&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; collapsed=&#8221;on&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_divider color=&#8221;#397389&#8243; divider_weight=&#8221;2px&#8221; _builder_version=&#8221;4.19.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_divider][et_pb_cta title=&#8221;Your Perspective Matters: Complete Our Family Business Survey&#8221; button_url=&#8221;https:\/\/familyenterpriseusa.com\/2025-annual-family-business-survey\/?utm_source=FEUSA&#038;utm_medium=cta&#038;utm_campaign=2025Survey&#8221; url_new_window=&#8221;on&#8221; button_text=&#8221;Take 5 minutes to share your insights and gain access to our exclusive 2025 webcast.&#8221; disabled_on=&#8221;off|off|off&#8221; admin_label=&#8221;Call To Action Top&#8221; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; header_font_size=&#8221;22px&#8221; background_color=&#8221;#397389&#8243; custom_button=&#8221;on&#8221; button_bg_color=&#8221;#ff0019&#8243; custom_margin=&#8221;-17px|||||&#8221; custom_padding=&#8221;16px||19px|||&#8221; global_module=&#8221;9695&#8243; saved_tabs=&#8221;all&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_cta][et_pb_divider color=&#8221;#397389&#8243; divider_weight=&#8221;2px&#8221; _builder_version=&#8221;4.19.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_divider][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_5,3_5,1_5&#8243; admin_label=&#8221;Author Byline&#8221; _builder_version=&#8221;4.24.3&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; link_option_url=&#8221;https:\/\/www.brownandstreza.com\/davidkeligian&#8221; link_option_url_new_window=&#8221;on&#8221; collapsed=&#8221;on&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_image src=&#8221;https:\/\/familyenterpriseusa.com\/wp-content\/uploads\/2024\/05\/Team-members-Pat-S.jpg&#8221; title_text=&#8221;Patricia M. Soldano&#8221; _builder_version=&#8221;4.25.1&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][et_pb_column type=&#8221;3_5&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text admin_label=&#8221;Author&#8221; _builder_version=&#8221;4.25.1&#8243; text_font=&#8221;||||||||&#8221; text_font_size=&#8221;16px&#8221; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"font-weight: 400;\"><strong>By <a href=\"https:\/\/familyenterpriseusa.com\/about\/our-team\/\">Patricia M. Soldano<\/a><br \/><\/strong><em>President<\/em><br \/>Family Enterprise USA<\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_5&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.16&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; collapsed=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text admin_label=&#8221;1&#8243; _builder_version=&#8221;4.27.4&#8243; text_font=&#8221;||||||||&#8221; text_font_size=&#8221;16px&#8221; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<h1><strong>A Year of Accomplishments Means More Hard Work Ahead in 2025<\/strong><\/h1>\n<p>&nbsp;<\/p>\n<h2><em><strong>This time each year it\u2019s always good to look back at what\u2019s been accomplished over the last 12 months, and what work lies ahead in the new year.<\/strong><\/em><\/h2>\n<p>&nbsp;<\/p>\n<p>At Family Enterprise USA, we\u2019ve seen a <a href=\"https:\/\/familyenterpriseusa.com\/about\/accomplishments\/\">year of significant gains<\/a> in getting our messages out on Capitol Hill and letting our policy makers know about the importance of the economic engine that are family businesses in America.<\/p>\n<p>The movement of economic and tax policies is often maddeningly slow and challenging in Washington, D.C. Educating our legislators on the importance of family businesses is a multi-year process spread across multiple administrations and political parties.<\/p>\n<p>It takes time, and a lot of work.<\/p>\n<p>Despite these barriers, we\u2019ve <a href=\"https:\/\/familyenterpriseusa.com\/about\/accomplishments\/\">seen significant progress and media attention<\/a> to such important subjects as the continuation of favorable provisions in the Tax Cuts and Jobs Act, restoring R&amp;D expensing and bonus depreciation, and adding new members to the Congressional Family Business Caucus.<\/p>\n<p><a href=\"https:\/\/familyenterpriseusa.com\/about\/accomplishments\/\">Our goals in 2024<\/a>, as in previous years, were to educate our lawmakers on Capitol Hill on the many harmful proposals under consideration by Congress, by the old and new Administrations, and by our regulatory agencies.<\/p>\n<p><strong>Actions Speak Volumes<\/strong><\/p>\n<p>Our actions this year and next year will continue to hammer away on these issues. If we don\u2019t, no one else will. We are your voice on Capitol Hill.<\/p>\n<p>Here are just a few of the key issues we worked on this year and will <a href=\"https:\/\/familyenterpriseusa.com\/about\/accomplishments\/\">continue to work on in 2025.<\/a><\/p>\n<ul>\n<li>Educate existing and new legislators on Capitol Hill on the size and power of America\u2019s largest private employer, Family Business<\/li>\n<li>Use the Congressional Family Business Caucus as a platform for education, dialogue, and one-to-one meetings with key policy writers<\/li>\n<li>Get the message out encouraging Congress to extend, retain, and improve key portions of the Tax Cut and Jobs Act (TCJA)<\/li>\n<li>Promote the Restoration of the R&amp;D Expensing, Bonus Depreciation, and Other Pro-Business Tax Policies<\/li>\n<li>Secure an Estate Tax Rate reduction and\/or prevent a reduction in the Lifetime Exemption<\/li>\n<li>Avoid the Elimination of Step-Up in Basis<\/li>\n<li>Stop any movement to Eliminating Valuation Discounts or limitations on Valuation Rules for Estate Tax Purposes<\/li>\n<li>Curtail and lessen taxes on Passthrough Business Profits (199A)<\/li>\n<li>Prevent an increase in the Top Income Tax Rate<\/li>\n<li>Avoid an increase in the Top Capital Gains Tax Rate<\/li>\n<li>Implementation of a Surtax on Income, Mark-to-Market Regime, and\/or Other Taxes on Successful Individuals and Wealth<\/li>\n<li>Stop Elimination or Limitations on Grantor Trusts and\/or GRATS<\/li>\n<li>Prevent Limitations on Retirement Accounts and\/or Elimination of Holding Private Stock in IRA\u2019s<\/li>\n<li>Avoid elimination of Like Kind Exchanges<\/li>\n<li>Work with Congress to introduce and add co-sponsors for the Estate Tax Rate Reduction Act<\/li>\n<li>Support the work of the Family Business Estate Tax Coalition and the estate tax repeal bill<\/li>\n<li>Grow the Congressional Family Business Caucus and continue to work with Congress to hold 3 meetings a year.<\/li>\n<\/ul>\n<p><strong>Getting the Word Out<\/strong><\/p>\n<p>When it comes to getting the word out about family businesses and the challenges they face, here are a few of the highlights from our last 12 months:<\/p>\n<ul>\n<li>Organized more than 35 Regional Meetings with presentations on new family business research findings, legislative\/regulatory updates, background on the Congressional Family Business Caucus, and voter attitudes<\/li>\n<li>Facilitated 3 Congressional Family Business Caucus meetings in DC for Congress<\/li>\n<li>Conducted over 100 \u201cHill visits\u201d with Members of Congress with family business owners and others.<\/li>\n<li>Hosted four Quarterly Update Calls with Members of Congress, Congressional staff, outside communications experts, and family business leaders<\/li>\n<li>Hosted 12 webcasts for our supporters<\/li>\n<li>Produced the monthly podcast, \u201cThe Voice of Family Business on Capitol Hill,\u201d with experts and legislators on Spotify, iTunes, and other podcast platforms<\/li>\n<li>Authored monthly \u201cSaying It Out Loud\u201d Op-Ed column distributed to a potential distribution database of 100,000 readers<\/li>\n<li>Authored bi-monthly column, \u201cFrom the Hill,\u201d for Family Business Magazine<\/li>\n<li>Produce 20+ Family Business Videos on PATG YouTube channel and distribute via email, social media, and press release<\/li>\n<li>Sent four to five emails and one-to-two press releases per week to the media and to a distribution base up to 100,000 or more<\/li>\n<li>Customized articles for 12 key family business-oriented associations spotlighting key issues to be focused on<\/li>\n<\/ul>\n<p>All these actions required a steady diligence by our team, partners, and supporters. With your help, we see 2025 as <a href=\"https:\/\/familyenterpriseusa.com\/about\/accomplishments\/\">another year of important accomplishments.<\/a><\/p>\n<p>And, with your support, we will make a significant difference for family businesses of all sizes and industries around the country.<\/p>\n<p>We thank for the great year behind us, and for your engagement and support in the year ahead.<\/p>\n<p>[\/et_pb_text][et_pb_divider divider_style=&#8221;dotted&#8221; disabled_on=&#8221;off|off|off&#8221; _builder_version=&#8221;4.19.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_divider][et_pb_text disabled_on=&#8221;off|off|off&#8221; admin_label=&#8221;Become a member text&#8221; _builder_version=&#8221;4.21.0&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; link_option_url=&#8221;https:\/\/familyenterpriseusa.com\/donate-2\/&#8221; global_module=&#8221;5822&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h4><em>We hope you&#8217;ve enjoyed this article. While you&#8217;re here, we have a small favor to ask&#8230;<\/em><\/h4>\n<p>As we prepare for what promises to be a pivotal year for America, we&#8217;re asking you to consider becoming a member.<\/p>\n<p>The need for fact-based reporting of issues important to <a href=\"https:\/\/familyenterpriseusa.com\/category\/multi-generational-business\/\">multi generational businesses<\/a> and protecting a <a href=\"https:\/\/familyenterpriseusa.com\/category\/family-business-stories\/\">lifetime of savings<\/a> has never been greater. Now more than ever, <a href=\"https:\/\/familyenterpriseusa.com\/category\/multi-generational-business\/\">multi generational businesses<\/a> and <a href=\"https:\/\/familyenterpriseusa.com\/category\/family-business-stories\/\">family businesses<\/a> are under fire. That&#8217;s why <a href=\"https:\/\/familyenterpriseusa.com\/category\/feusa\/\">Family Enterprise USA<\/a> is passionately working to increase the awareness of issues important to <a href=\"https:\/\/familyenterpriseusa.com\/category\/multi-generational-business\/\">generationally-owned family businesses<\/a> 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 <a href=\"https:\/\/familyenterpriseusa.com\/category\/income-taxes\/\">income tax rates<\/a>, possible elimination of valuation discounts, increase in capital gains <a href=\"https:\/\/familyenterpriseusa.com\/category\/taxes\/\">tax<\/a>, enactment of a wealth <a href=\"https:\/\/familyenterpriseusa.com\/category\/taxes\/\">tax<\/a>, and the continued burden of the gift <a href=\"https:\/\/familyenterpriseusa.com\/category\/taxes\/\">tax<\/a>, <a href=\"https:\/\/familyenterpriseusa.com\/category\/estate-taxes\/\">estate tax<\/a> and generation skipping <a href=\"https:\/\/familyenterpriseusa.com\/category\/taxes\/\">tax<\/a>.<\/p>\n<p>[\/et_pb_text][et_pb_button button_url=&#8221;https:\/\/familyenterpriseusa.com\/donate\/&#8221; button_text=&#8221;Become a Family Enterprise USA Member&#8221; button_alignment=&#8221;center&#8221; disabled_on=&#8221;off|off|off&#8221; admin_label=&#8221;Become FEUSA member button&#8221; _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; custom_button=&#8221;on&#8221; global_module=&#8221;6503&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_button][et_pb_divider divider_style=&#8221;dotted&#8221; disabled_on=&#8221;off|off|off&#8221; _builder_version=&#8221;4.19.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_divider][et_pb_video_slider disabled_on=&#8221;off|off|off&#8221; admin_label=&#8221;Video Slider Family Business Stories 1&#8243; _builder_version=&#8221;4.19.1&#8243; _module_preset=&#8221;default&#8221; global_module=&#8221;5963&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_video_slider_item src=&#8221;https:\/\/www.youtube.com\/watch?v=3k9d1tFz5AU&#038;t=22s&#8221; _builder_version=&#8221;4.19.1&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; show_image_overlay=&#8221;off&#8221;][\/et_pb_video_slider_item][et_pb_video_slider_item src=&#8221;https:\/\/www.youtube.com\/watch?v=kG0lDKbmJxg&#8221; _builder_version=&#8221;4.19.1&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; show_image_overlay=&#8221;off&#8221;][\/et_pb_video_slider_item][et_pb_video_slider_item src=&#8221;https:\/\/www.youtube.com\/watch?v=HFK8SG1VSco&#8221; _builder_version=&#8221;4.19.1&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; show_image_overlay=&#8221;off&#8221;][\/et_pb_video_slider_item][et_pb_video_slider_item src=&#8221;https:\/\/www.youtube.com\/watch?v=Z15BqbFOYck&#8221; _builder_version=&#8221;4.19.1&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; show_image_overlay=&#8221;off&#8221;][\/et_pb_video_slider_item][et_pb_video_slider_item src=&#8221;https:\/\/www.youtube.com\/watch?v=bsn5xYrxhJg&#8221; _builder_version=&#8221;4.19.1&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; show_image_overlay=&#8221;off&#8221;][\/et_pb_video_slider_item][et_pb_video_slider_item src=&#8221;https:\/\/www.youtube.com\/watch?v=PL3K3rK7ioA&#038;t=5s&#8221; _builder_version=&#8221;4.19.1&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; show_image_overlay=&#8221;off&#8221;][\/et_pb_video_slider_item][et_pb_video_slider_item src=&#8221;https:\/\/www.youtube.com\/watch?v=CpXRbRBhPKc&#8221; _builder_version=&#8221;4.19.1&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; show_image_overlay=&#8221;off&#8221;][\/et_pb_video_slider_item][\/et_pb_video_slider][et_pb_text disabled_on=&#8221;off|off|off&#8221; admin_label=&#8221;FEUSA Statement&#8221; _builder_version=&#8221;4.21.0&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; link_option_url=&#8221;https:\/\/familyenterpriseusa.com\/donate-2\/&#8221; global_module=&#8221;5910&#8243; saved_tabs=&#8221;all&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<hr \/>\n<p><a href=\"https:\/\/familyenterpriseusa.com\/category\/feusa\/\">Family Enterprise USA<\/a> promotes <a href=\"https:\/\/familyenterpriseusa.com\/category\/multi-generational-business\/\">generationally<\/a> owned <a href=\"https:\/\/familyenterpriseusa.com\/category\/family-businesses\/\">family business<\/a> creation, growth, viability, and sustainability by <a href=\"https:\/\/familyenterpriseusa.com\/about\/\">advocating for family businesses<\/a> and their lifetime of savings with <a href=\"https:\/\/familyenterpriseusa.com\/category\/family-business-caucus\/\">Congress<\/a> in Washington DC.\u00a0 Since 2007, <a href=\"https:\/\/familyenterpriseusa.com\/category\/feusa\/\">Family Enterprise USA<\/a> has represented and celebrated\u00a0all sizes, professions and industries of family-owned enterprises and <a href=\"https:\/\/familyenterpriseusa.com\/category\/multi-generational-business\/\">multi-generational<\/a> employers. It is a bi-partisan 501.c3 organization.\u00a0<a href=\"https:\/\/familyenterpriseusa.com\/membership\/\">Family foundations can donate.<\/a><\/p>\n<hr \/>\n<p>[\/et_pb_text][et_pb_text disabled_on=&#8221;off|off|off&#8221; admin_label=&#8221;Hash tags &#038; Tags&#8221; _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; global_module=&#8221;6498&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>#incometax #taxseason #federaltaxpolicy #taxation #EstateTax #Deathtax #wealthtax #taxLegislation #CongressionalCaucus #CapitalGainsTax #incometaxrates #incometaxseason #taxrefund #taxreturn #incometaxreturn #gifttax #Generationskippingtax #InheritanceTax #repealestatetax #FamilyBusiness #promotefamilybusinesses #familyowned #supportlocalbusiness #womeninbusiness #AdvocatingForFamilyBusinesses #Generationallyowned #Multigenerationalbusiness\u00a0 @FamilyEnterpriseUSA @PolicyAndTaxationGroup @DitchTheEstateTax #FamilyEnterpriseUSA #PolicyAndTaxationGroup #DitchTheEstateTax<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Patricia M. SoldanoPresidentFamily Enterprise USAA Year of Accomplishments Means More Hard Work Ahead in 2025 &nbsp; This time each year it\u2019s always good to look back at what\u2019s been accomplished over the last 12 months, and what work lies ahead in the new year. &nbsp; At Family Enterprise USA, we\u2019ve seen a year of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":13016,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","footnotes":""},"categories":[48,3,92,76,94,36],"tags":[],"class_list":["post-13014","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-family-businesses","category-feusa","category-multi-generational-business","category-income-taxes","category-pat-soldano","category-taxes"],"acf":[],"_links":{"self":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/13014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13014"}],"version-history":[{"count":3,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/13014\/revisions"}],"predecessor-version":[{"id":13019,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/13014\/revisions\/13019"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/media\/13016"}],"wp:attachment":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}