[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=”Support the voice of family businesses in Washington D.C.! Join Family Enterprise USA to stay informed, engage with policymakers, and advocate for policies that protect generational businesses. Your membership makes a difference\u2014become a member today!” button_url=”https:\/\/familyenterpriseusa.com\/donate-2\/giving\/” button_text=”Join Now” 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_video src=”https:\/\/www.youtube.com\/watch?v=inL_w9pzQ5g” _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_video][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” global_colors_info=”{}”]<\/p>\n
\u00a0<\/strong><\/p>\n \u00a0<\/strong><\/p>\n The first of three events with Members of the bipartisan Congressional Family Business Caucus focused on the topic of \u201cWomen-Owned Family Businesses<\/a>\u201d and featured eight women business owners from around the country, as well as seven House Members addressing an audience of more than 70 attendees inside the U.S. Capitol Building complex.<\/p>\n The seven House members who spoke with or greeted the attendees were Reps. Chuck Fleischmann (R-TN), Carol Miller (R-WV), Mariannette Miller-Meeks (R-IA), Stacey Plaskett (D-VI), Brad Schneider, (D-IL), Brad Sherman, (D-CA), , Rep., and Pete Stauber (R-MN).<\/p>\n Strength of Women-Owned Family Businesses<\/strong><\/p>\n The event, which focused on the strength of women-owned family businesses<\/a> and the special challenges they face, was organized by Family Enterprise USA (FEUSA).<\/p>\n The event kicked off with remarks from Debbie McKee, the namesake of Little Debbie\u2019s Cakes, based in Chattanooga, Tenn.\u00a0 She was followed by Kimberly Smith, President of Pipeline Development Company, Strongsville, Ohio; Angela Simmons, Owner and Manager of ABS Legacy Partners, Hickory, N.C., and Policy and Taxation Group Board member Rosana Biondo, President of Mark One, in Kansas City.<\/p>\n Other speakers included Cheryl Osborn, founder of Casco Contractors; Meghan Hanna, President of Evolve Wellness, Corona, Calif.,; Bridget Herdman, Principal at Herdman Architecture & Design; , Corona del Mar, Calif., and Junette McCarthy, Founder and Owner of McCarthy Wealth, Newport Beach, Calif.<\/p>\n Additional speakers at the event included Ken Monroe, President of Holt of California, Stockton, Calif., and Robert Mancuso, Chief Executive Officer of Capri Capital Partners, Palm Beach, Fla.<\/p>\n \u201cWe wanted to relay to Congress the strength of women-owned family businesses<\/a>, and the challenges they face,\u201d said Pat Soldano, President of FEUSA. \u00a0\u201cWe were excited to see so many House Members speak with attendees, and to have them listen to the stories of the women-owned businesses,\u201d Soldano said. \u201cIt\u2019s important that Members of Congress understand the issues facing family businesses and especially women-owned family businesses.\u201d<\/p>\n Political State of Play<\/strong><\/p>\n During the event, Russ Sullivan and Mark Warren of the law and government relations firm, Brownstein, highlighted key individuals in the new administration, while Caren Street and Michael Hawthorne, of Squire Patton Boggs, another top Washington, D.C., law and government relations firm, discussed how best to engage Members of Congress on the issues important to family-owned businesses.<\/p>\n Attendees were also privy to preliminary research results from FEUSA Annual Family Business Survey of Family Businesses, presented by FEUSA\u2019s Director of Engagement, John Gugliada.<\/p>\n The early results once again showed that family-owned businesses survive better than most businesses, with 82% of family businesses operating for 20 years or more, and 33% in businesses operating for between 50 and 100 years.<\/p>\n In addition, 90% of family-owned businesses pay their employees above average or average wages and benefits, with 48% paying above average.<\/p>\n When it comes to the critical tax policies<\/a> affecting America\u2019s family-owned businesses, the survey highlighted the greatest concern centered on high income taxes,<\/a> with 47% of respondents noting personal income taxes as their highest priority. This is a 15% increase from FEUSA\u2019s prior survey.<\/p>\n The second most important issue was the Death Tax,<\/a> also known as the Estate Tax,<\/a> which 14% of the survey respondents noted as their main concern.<\/p>\n \u00a0<\/strong>High Trust Factor<\/strong><\/p>\n \u00a0<\/strong>In another survey commissioned by FEUSA, 1,000 consumers were polled by communications expert Dr. Frank Luntz.<\/p>\n The Luntz survey found that 91% of respondents believe family-owned businesses are quintessential to the American Dream, with Luntz noting the importance of \u201cthe idea that you can start something from nothing and pass it on to the next generation.\u201d<\/p>\n Additionally, the study revealed family-owned businesses are 78% more trusted by consumers than regular corporations.<\/p>\n The most important finding, according to Luntz, might be that Americans agree that it is \u201cunfair that family-owned businesses pay a higher tax rate<\/a> than regular corporations.\u201d<\/p>\n When asked this question, 84% agreed with the premise that \u201cfamily-owned businesses should not have to pay more in taxes than corporations<\/a>.\u201d<\/p>\n [\/et_pb_text][et_pb_divider color=”#397389″ divider_weight=”2px” disabled_on=”off|off|off” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][et_pb_text disabled_on=”off|off|off” admin_label=”Become a member text” _builder_version=”4.27.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” link_option_url=”https:\/\/familyenterpriseusa.com\/donate-2\/” global_module=”5822″ global_colors_info=”{}”]<\/p>\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 family owned businesses<\/a> and protecting a lifetime of savings<\/a> has never been greater. Now more than ever, successful families<\/a> and family owned businesses<\/a> are under fire. That’s why Family Enterprise USA<\/a> is passionately working to increase the awareness of issues important to family owned 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 [\/et_pb_text][et_pb_button button_url=”https:\/\/familyenterpriseusa.com\/donate\/” button_text=”Become a Family Enterprise USA Member” button_alignment=”center” disabled_on=”off|off|off” admin_label=”Become FEUSA member button” _builder_version=”4.21.0″ _module_preset=”default” custom_button=”on” global_module=”6503″ global_colors_info=”{}”][\/et_pb_button][et_pb_divider color=”#397389″ divider_style=”dotted” divider_weight=”2px” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][et_pb_video_slider disabled_on=”off|off|off” admin_label=”Video Slider Family Business Stories 2″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}” global_module=”6670″ theme_builder_area=”post_content”][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=y9VszpRjVDM” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content” show_image_overlay=”off”][\/et_pb_video_slider_item][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=03T2VODneEg” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content” show_image_overlay=”off”][\/et_pb_video_slider_item][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=fHIxWaTwK64″ _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content” show_image_overlay=”off”][\/et_pb_video_slider_item][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=TI7P07GbNdU&t=27s” _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content” show_image_overlay=”off”][\/et_pb_video_slider_item][\/et_pb_video_slider][et_pb_text disabled_on=”off|off|off” admin_label=”FEUSA Statement” _builder_version=”4.21.0″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” link_option_url=”https:\/\/familyenterpriseusa.com\/donate-2\/” global_module=”5910″ saved_tabs=”all” global_colors_info=”{}”]<\/p>\n 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 [\/et_pb_text][et_pb_text disabled_on=”off|off|off” admin_label=”Hash tags & Tags” _builder_version=”4.27.4″ _module_preset=”default” global_module=”6498″ global_colors_info=”{}”]<\/p>\n #incometax #CapitalGainsTax #R&DExpensing #DontPunishSuccess #GrantorTrusts #StepUpinBasis #likeKindExchanges #AcceleratedDepreciation #EstateTax #Deathtax #wealthtax #taxLegislation #CongressionalCaucus #incometaxrates #repealestatetax #AdvocatingForFamilyBusinesses #FamilyOwnedBusiness #WomenOwnedBusiness @FamilyEnterpriseUSA #FamilyEnterpriseUSA<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" House Members Speak at First Event with the Congressional Family Business Caucus with Focus on Women-Owned Family Businesses \u00a0 Debbie McKee, of Little Debbie\u2019s Cakes, Joins Event with Caucus Members featuring Eight Women-Owned Family Businesses; New Research Unveiled on Consumer Views \u00a0 The first of three events with Members of the bipartisan Congressional Family Business […]<\/p>\n","protected":false},"author":2,"featured_media":13757,"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":[48,102,91,92,36,16,87],"tags":[],"class_list":["post-13755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-family-businesses","category-family-business-caucus","category-family-business-stories","category-multi-generational-business","category-taxes","category-video-post","category-watch-listen"],"acf":[],"_links":{"self":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/13755","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=13755"}],"version-history":[{"count":5,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/13755\/revisions"}],"predecessor-version":[{"id":13765,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/13755\/revisions\/13765"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/media\/13757"}],"wp:attachment":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Debbie McKee, of Little Debbie\u2019s Cakes, Joins Event with Caucus Members featuring Eight Women-Owned Family Businesses; New Research Unveiled on Consumer Views<\/em><\/strong><\/h2>\n
We hope you’ve enjoyed this article. While you’re here, we have a small favor to ask…<\/em><\/h4>\n
\n
\n