{"id":13178,"date":"2025-01-09T16:28:59","date_gmt":"2025-01-10T00:28:59","guid":{"rendered":"https:\/\/familyenterpriseusa.com\/?p=13178"},"modified":"2025-01-09T16:29:34","modified_gmt":"2025-01-10T00:29:34","slug":"taxation-representation-2025s-tax-writers","status":"publish","type":"post","link":"https:\/\/familyenterpriseusa.com\/taxes\/taxation-representation-2025s-tax-writers\/","title":{"rendered":"Taxation & Representation: 2025\u2019s Tax-Writers"},"content":{"rendered":"

[et_pb_section fb_built=”1″ _builder_version=”4.16″ custom_padding=”4px|||||” global_colors_info=”{}”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_divider color=”#397389″ divider_weight=”2px” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][et_pb_cta title=”Your Perspective Matters: Complete Our Family Business Survey” button_url=”https:\/\/familyenterpriseusa.com\/2025-annual-family-business-survey\/?utm_source=FEUSA&utm_medium=cta&utm_campaign=2025Survey” button_text=”Take 5 minutes to share your insights and gain access to our exclusive 2025 webcast.” disabled_on=”off|off|off” admin_label=”Call To Action Top” _builder_version=”4.27.4″ _module_preset=”default” header_font_size=”22px” background_color=”#397389″ custom_button=”on” button_bg_color=”#ff0019″ custom_margin=”-17px|||||” custom_padding=”16px||19px|||” global_module=”9695″ saved_tabs=”all” global_colors_info=”{}”][\/et_pb_cta][et_pb_divider color=”#397389″ divider_weight=”2px” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][et_pb_text admin_label=”1″ _builder_version=”4.27.4″ text_font=”||||||||” text_font_size=”16px” background_size=”initial” background_position=”top_left” background_repeat=”repeat” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n

On Dec. 20, incoming Senate Majority Leader John Thune (R-SD) announced the Senate Republican Conference\u2019s committee <\/span>assignments, with incoming Senate Minority Leader Chuck Schumer (D-NY) following suit on Jan. 2 with the Senate Democratic Caucus\u2019 committee assignments. Below are brief profiles of the new members of the Senate Finance Committee\u2014one Republican and five Democrats.<\/p>\n

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Johnson Reelected as Speaker; Shifts in Strategy for Reconciliation: <\/span>On Jan. 3, the House reelected incumbent Speaker Mike Johnson (R-LA) on the first ballot in a tight party-line vote. Johnson\u2019s victory came after several rounds of negotiation with members of the House Freedom Caucus, who initially withheld their support. The final tally was 218-215, with Rep. Thomas Massie (R-KY) being the only Republican dissenting vote. President-elect Donald Trump is reported to have weighed in personally to help secure Johnson\u2019s reelection.<\/p>\n

[\/et_pb_text][et_pb_divider color=”#397389″ divider_style=”dotted” disabled_on=”off|off|off” _builder_version=”4.19.5″ _module_preset=”default” custom_margin=”||14px|||” custom_padding=”10px||2px|||” global_colors_info=”{}”][\/et_pb_divider][et_pb_button button_url=”https:\/\/comms.bhfs.com\/rv\/ff00de096bd36e7edbd70e017343bce8c93f43d5″ url_new_window=”on” button_text=”Senate Committee Assignments Announced, Mike Johnson Reelected as Speaker of the House, Debate Over Budget Reconciliation Strategy, Ken Kies Nominated for Treasury Tax Policy Role, Stephen Miran Nominated as CEA Chair, New Tax Bill for Americans Abroad Proposed, and more. Click here to continue reading.” button_alignment=”center” admin_label=”Read More Button” _builder_version=”4.27.4″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″][\/et_pb_button][et_pb_divider color=”#397389″ divider_style=”dotted” disabled_on=”off|off|off” _builder_version=”4.19.5″ _module_preset=”default” custom_margin=”||14px|||” custom_padding=”10px||2px|||” global_colors_info=”{}”][\/et_pb_divider][et_pb_text admin_label=”3″ _builder_version=”4.27.4″ text_font=”||||||||” text_font_size=”16px” background_size=”initial” background_position=”top_left” background_repeat=”repeat” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n

Trump to Nominate Ken Kies as Treasury Assistant Secretary for Tax Policy: <\/span>In a\u00a0post<\/a>\u00a0on Truth Social on Jan. 3, President-elect Donald Trump announced his intention to nominate Ken Kies to be the Treasury Department\u2019s assistant secretary for tax policy. Kies is a longtime Hill strategist, serving as chief Republican tax counsel for the House Ways and Means Committee and later as chief of staff for the Joint Committee on Taxation before starting his own tax lobbying firm, the Federal Policy Group. As assistant secretary for tax policy, Kies will be influential in determining policy proposals to be included in the expected tax bill later this year.<\/p>\n

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Trump to Nominate Stephen Miran to Lead CEA: <\/span>In a\u00a0post<\/a>\u00a0on Truth Social on Dec. 22, President-elect Donald Trump announced his intention to nominate Stephen Miran to be chairman of the Council of Economic Advisors (CEA). Miran served in Trump\u2019s first administration as senior advisor of economic policy at the Treasury Department under then-Treasury Secretary Steven Mnuchin. Trump noted in his post that Miran\u2019s role would be to \u201cwork with the rest of my Economic team to deliver a Great Economic Boom that lifts up all Americans.\u201d Miran currently serves as a senior strategist at Hudson Bay Capital Management.<\/p>\n

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LaHood Introduces Bill Simplifying Taxes for Americans Living Abroad: <\/span>On Dec. 18, Rep. Darin LaHood (R-IL) introduced the Residence-Based Taxation for Americans Abroad Act (H.R. 10468<\/a>), which would shift the current system for taxing U.S. citizens living overseas from a citizenship-based system to a residence-based system. Under current law, Americans are taxed on their worldwide income regardless of their country of residence\u2014potentially leading to double taxation for expats and dual citizens. In contrast, a residence-based system would allow U.S. citizens living abroad to elect to be treated as a nonresident for tax purposes, subjecting them to U.S. tax only on their U.S. source income. The bill also would provide nonresident Americans with relief from the Foreign Account Tax Compliance Act by allowing them to apply to the Internal Revenue Service (IRS) for a certificate of nonresidency to use with foreign financial institutions, reducing significant regulatory hurdles for Americans seeking to access banking services abroad. The bill requires electing individuals to pay a departure tax on deferred income, with some exceptions. In an accompanying press release, Rep. LaHood said that Americans living or working abroad should not \u201cbe subject to more onerous tax and compliance burdens\u201d and that he \u201clook[s] forward to working with President-elect Trump and my House colleagues on both sides of the aisle to modernize our tax code to ensure Americans are not punished for living and working abroad.<\/p>\n

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About Brownstein Hyatt Farber Schreck
<\/strong>Brownstein Hyatt Farber Schreck is a unique law firm. Walk into any of our offices and you\u2019ll immediately recognize a different type of energy. Complacency doesn\u2019t have a place here. Flexibility and inspiration do.\u00a0Our culture and enthusiasm allow our attorneys, policy consultants and legal staff to stay ahead of our clients\u2019 needs and provide them with the resources they require to meet their business objectives.<\/p>\n

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We hope you’ve enjoyed this article. While you’re here, we have a small favor to ask…<\/em><\/h4>\n

As we prepare for what promises to be a pivotal year for America, we’re asking you to consider becoming a member.<\/p>\n

The need for fact-based reporting of issues important to multi generational businesses<\/a> and protecting a lifetime of savings<\/a> has never been greater. Now more than ever, multi generational businesses<\/a> and family businesses<\/a> are under fire. That’s why Family Enterprise USA<\/a> is passionately working to increase the awareness of issues important to 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 income tax rates<\/a>, possible elimination of valuation discounts, increase in capital gains tax<\/a>, enactment of a wealth tax<\/a>, and the continued burden of the gift tax<\/a>, estate tax<\/a> and generation skipping tax<\/a>.<\/p>\n

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Family Enterprise USA<\/a> promotes generationally<\/a> owned family business<\/a> creation, growth, viability, and sustainability by advocating for family businesses<\/a> and their lifetime of savings with Congress<\/a> in Washington DC.\u00a0 Since 2007, Family Enterprise USA<\/a> has represented and celebrated\u00a0all sizes, professions and industries of family-owned enterprises and multi-generational<\/a> employers. It is a bi-partisan 501.c3 organization.\u00a0Family foundations can donate.<\/a><\/p>\n

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#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

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On Dec. 20, incoming Senate Majority Leader John Thune (R-SD) announced the Senate Republican Conference\u2019s committee assignments, with incoming Senate Minority Leader Chuck Schumer (D-NY) following suit on Jan. 2 with the Senate Democratic Caucus\u2019 committee assignments. Below are brief profiles of the new members of the Senate Finance Committee\u2014one Republican and five Democrats.Johnson Reelected […]<\/p>\n","protected":false},"author":2,"featured_media":13180,"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":[48,43,92,76,36],"tags":[],"class_list":["post-13178","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-family-businesses","category-estate-taxes","category-multi-generational-business","category-income-taxes","category-taxes"],"acf":[],"_links":{"self":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/13178","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=13178"}],"version-history":[{"count":3,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/13178\/revisions"}],"predecessor-version":[{"id":13183,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/13178\/revisions\/13183"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/media\/13180"}],"wp:attachment":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}