[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 Voice Matters. Urge your representatives in Congress to extend and enhance the tax provisions of the TCJA. ” button_url=”https:\/\/familyenterpriseusa.com\/taxes\/take-action-help-family-owned-businesses-thrive-support-extension-of-tcja\/” url_new_window=”on” button_text=”Click Here.” 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
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The power of women-owned businesses is growing and getting noticed on Capitol Hill as a new Women\u2019s Business Owners Group<\/a> holds regional meetings and the Congressional<\/a> Record recognizes top women in business.<\/p>\n The newly formed Women\u2019s Business Owners Group<\/a> (The Group), dedicated to helping women business owners get their voices heard by lawmakers, and organized by Family Enterprise USA, held its second regional meeting in Southern California this month.<\/p>\n At the same time, Rep.Charles J. Fleischmann, (R- TN) offered into the official Congressional Record a statement to \u201chonor women entrepreneurs and to recognize the impact of women-owned businesses\u201d in his district and across the country.<\/p>\n Women-owned businesses<\/a> employ over 12.2 million people across the country, according to a new Well Fargo study on women businesses. The study shows women-owned businesses account for 40% of all U.S enterprises and generate $2.7 trillion in revenue annually.<\/p>\n Women Business in Congressional Record<\/strong><\/p>\n \u201cWomen-owned businesses<\/a> are important drivers of our local economy, employing millions of Americans nationwide,\u201d Rep. Fleischmann said for the Congressional Record. \u201c(They) account for trillions of dollars in revenue annually\u201d from businesses of all sizes and industries.<\/p>\n In a separate action, The Group held its second meeting in Southern California, bringing 25 women together to address key issues. The meeting featured a virtual visit with Senator Adam Schiff\u2019s (D-CA) local field representative, Tommy Lawton, to discuss priorities and concerns.<\/p>\n The Group meeting was held at the Irvine offices of Global, A 1st Flagship Company, a government services provider.<\/p>\n The company\u2019s Chief Executive Officer, Sherri Bovino, led the meeting that quickly focused on the new tax bill and family-owned business priorities. The discussion also touched on the issue of improving the 199A tax rates<\/a> for Pass Through entities. Research by Family Enterprise USA shows 80% of family-owned businesses, including women-owned businesses, use Pass Through entity operating structures.<\/p>\n The Group\u2019s mission is to amplify the voices of women entrepreneurs,<\/a> foster collaboration, and advocate for policies that promote equity in business. Its long-term goal is to remove policies that create barriers to women-owned businesses, whether taxation, red-tape, or regulations, its mission states.<\/p>\n The Group is also specifically designed to work as a coalition of women business owners<\/a> with the Congressional Family Business Caucus here.<\/p>\n The next The Group meeting will be held Aug. 14 at 4PM in Irvine, Calif.<\/p>\n Congressional Record and Little Debbie Snacks<\/strong><\/p>\n As noted by Rep. Fleischmann in the Congressional Record, the topic of women in family-owned businesses was center stage during the first meeting this year with Congressional Family Business Caucus members.<\/a><\/p>\n The Congressional Family Business Caucus meetings<\/a>, according to the Congressional Record announcement, \u201care designed to share family business stories and educate Congress on the challenges family-owned businesses face in growing their businesses, including economic policies, tax policies<\/a>, Death Tax<\/a>, and other barriers that prevent business owners from passing down their legacy to the next generation.\u201d<\/p>\n During that meeting, The Congressional Record states<\/a>, Debbie McKee-Fowler, Chairman of the Board for McKee Foods, and as well as other women-owned business leaders spoke on Capitol Hill, as part of the Family Enterprise USA-organized meeting with members of the Congressional Family Business Caucus.<\/a> The meeting coincided with Women\u2019s History Month.<\/p>\n McKee Foods, known as makers of Little Debbie Snack Cakes, is a fourth-generation family business employing over 6,500 employees nationwide. It is based in Rep. Fleischmann\u2019s district.<\/p>\n Women\u2019s Entrepreneurial Journey<\/strong><\/p>\n In The Group\u2019s recent California meeting, priorities were to lower income taxes<\/a>, estate taxes<\/a>, and capital gains taxes<\/a>, as well the restoration of improved research and development depreciation. At the Irvine meeting, there were eight women business owners who have spoken in the past with members of the Congressional Family Business Caucus.<\/a><\/p>\n Many of them plan on attending the next Caucus meeting scheduled for Sept. 17 on Capitol Hill.<\/p>\n \u201cBy uniting women business owners, we hope to create a supportive organization that empowers women to thrive and succeed in their entrepreneurial journeys,\u201d said Pat Soldano, President, Family Enterprise USA and Policy and Taxation Group. \u201cThe Group was formed to tear down barriers to women-owned businesses<\/a> and to work as a coalition of women business owners with the Congressional Family Business Caucus<\/a> on Capitol Hill,\u201d she said. \u201cOur lawmakers need to how powerful women-owned businesses are in this country.\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 admin_label=”Video Slider Webinar Replays” _builder_version=”4.21.0″ _module_preset=”default” global_module=”5954″ saved_tabs=”all” global_colors_info=”{}”][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=ebLC74TMplE” _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}” show_image_overlay=”off”][\/et_pb_video_slider_item][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=fIbiW_qFdE0″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}” show_image_overlay=”off”][\/et_pb_video_slider_item][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=uKyoSHKZ-5o&t=81s” _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}” show_image_overlay=”off”][\/et_pb_video_slider_item][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=KIgfjsdi4o0″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}” show_image_overlay=”off”][\/et_pb_video_slider_item][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=6ME0xh9XKSM” _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}” show_image_overlay=”off”][\/et_pb_video_slider_item][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=Ggte5YDferU” _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}” show_image_overlay=”off”][\/et_pb_video_slider_item][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=GnpvvzhcfS0″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}” show_image_overlay=”off”][\/et_pb_video_slider_item][et_pb_video_slider_item src=”https:\/\/www.youtube.com\/watch?v=6UMxZ8yBsOs” _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}” 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":" Women\u2019s Business Owners Group Gains Momentum, While Power of Women Entrepreneurs Gets Noticed in Congressional Record Family Enterprise USA Organized Women Business Events Getting Heard by Senate, House Leaders; Top Women Business Owners Get Recorded in Official Congressional Record The power of women-owned businesses is growing and getting noticed on Capitol Hill as […]<\/p>\n","protected":false},"author":2,"featured_media":14396,"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-14390","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\/14390","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=14390"}],"version-history":[{"count":5,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/14390\/revisions"}],"predecessor-version":[{"id":14399,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/14390\/revisions\/14399"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/media\/14396"}],"wp:attachment":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}We hope you’ve enjoyed this article. While you’re here, we have a small favor to ask…<\/em><\/h4>\n
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