{"id":1518,"date":"2019-10-14T18:36:26","date_gmt":"2019-10-15T01:36:26","guid":{"rendered":"http:\/\/familyenterpriseusa.com\/feusa\/from-the-president-10-7-weekly-update\/"},"modified":"2019-10-14T18:36:26","modified_gmt":"2019-10-15T01:36:26","slug":"from-the-president-10-7-weekly-update","status":"publish","type":"post","link":"https:\/\/familyenterpriseusa.com\/estate-taxes\/from-the-president-10-7-weekly-update\/","title":{"rendered":"From the President \u2013 10-7 \u2013 Weekly Update"},"content":{"rendered":"
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I want to thank all of the Family Enterprise USA<\/strong> and Policy<\/span>\u00a0and\u00a0Taxation<\/span>\u00a0Group<\/strong> members that flew into Washington, DC to participate in our combined Board Meetings and Capitol Hill visits.<\/div>\n
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Having family business leaders join us on Capitol Hill as we explain the need for the elimination of the death tax \u2013 as well as our proposal for a rate reduction to help us get there \u2013 is invaluable.<\/div>\n
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The most effective lobbyist for your message is you, the business leader<\/strong> <\/span>and constituent of the members of Congress.<\/div>\n
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And it\u2019s not a one-way street.<\/div>\n
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One of the newest FEUSA members who had never lobbied before said the time and investment was well worth it.<\/div>\n<\/blockquote>\n
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He learned firsthand how our democratic system works, perfected his pitch to congressional members and their staff, and left with a great appreciation for the work our organizations do.<\/div>\n
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While our meetings were productive and we hope they will bear fruit soon especially in regards to the introduction of a rate reduction bill in the House, the feedback from those in attendance regarding our dinner guest was universal praise.<\/div>\n
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Representative Bill Huizenga (MI-2-R), a third generation sand and gravel pit business owner, was extremely engaging and genuine. His recent experience with the death tax with the recent passing of his mother gave him some firsthand knowledge on what other business owners will go thru.<\/div>\n
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And while he lamented the fact that his business interests didn\u2019t hit the current exemption, he was interested in helping us any way he could including an Op-Ed about his experience and the need for full repeal!<\/div>\n
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After a six-week summer recess, Congress returned to Washington, DC with a full plate of work and a limited timetable to produce results.<\/div>\n
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In many ways, the next few months may be the last chance for this Congress to produce any real legislation until 2021. Lawmakers in both parties agree the partisan politics of the 2020 election will kick into high gear as soon as January, making any deal-making and compromise all the more difficult.<\/div>\n
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That doesn\u2019t leave Congress much time as the House only has 13 legislative days in September before they leave for another two-week recess \u2014 and only 45 legislative days left in the year. Senators are scheduled to be in DC for only 53 days before the end of the year.<\/div>\n
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The immediate concern, of course, is to keep the government open as current funding ends on September 30. We expect the House and Senate will need more time to negotiate the appropriations funding bills and will approve a time extension to allow them to get this done without a shutdown.<\/div>\n
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Other significant items they might consider during this end of year window also includes tighter gun restrictions, the rewrite of NAFTA, and lower prescription drugs.<\/div>\n
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If you want more CLICK HERE for the Full Story<\/strong><\/span><\/div>\n
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CAPITOL HILL HAPPENINGS<\/div>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
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Wyden Unveils His Own Wealth Tax Targeting Investments:<\/a>\u00a0Senator Ron Wyden unveiled his own wealth tax on Thursday, taking a slightly different approach to targeting the same non-wage income as proposals from Democratic presidential hopefuls Elizabeth Warren and Bernie Sanders.<\/div>\n
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The plan to tax some investments annually, rather than when they\u2019re sold, would apply to taxpayers who earned at least $1 million or have assets worth $10 million for the previous three years. Wyden, the top Democrat on the Senate Finance Committee, is seeking to require wealthy investors to pay the Internal Revenue Service every year on the amount their assets have appreciated, changing a longstanding feature of the tax code that\u00a0taxes<\/span>\u00a0aren\u2019t due until something is sold.<\/div>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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CAMPAIGN TRAIL<\/div>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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\u00a0Bernie Sanders:<\/div>\n
\u00a0Sanders proposes $16.3 trillion climate change plan.<\/a><\/div>\n
Presidential hopeful Bernie Sanders unveiled a climate change strategy on Thursday that would mobilize $16.3 trillion<\/strong><\/span> to help the U.S. generate 100% of its electricity from renewable energy by 2030 and achieve \u201cfull decarbonization\u201d by 2050.<\/div>\n
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The plan would \u201claunch a decade of the Green New Deal,\u201d a 10-year federal \u201cmobilization\u201d that would factor climate change into every policy<\/span>\u00a0action from immigration to foreign\u00a0policy<\/span>\u00a0while promising to create 20 million jobs in the process.<\/div>\n
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The plan outlines dozens of\u00a0policies<\/span>\u00a0aimed aggressively moving the United States off of fossil fuels in the electricity, transportation and building sectors, restoring U.S. leadership and financial aid under the Paris Climate Agreement and pouring trillions of dollars to assist fossil fuel workers and vulnerable minority communities in the transition to a green economy.<\/div>\n<\/div>\n
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If you want more CLICK HERE for the Full Story<\/strong><\/span><\/div>\n
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STATE NEWS<\/strong><\/div>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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California<\/strong><\/div>\n
California Proposal to Revive Estate and Gift Tax Fails to Advance:\u00a0\u00a0<\/a>S.B. 378 has potentially died in the Senate Rules committee as it has not yet advanced to the Senate floor for a vote. However, similar\u2026<\/div>\n<\/div>\n<\/div>\n
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If you want more CLICK HERE for the Full Story<\/strong><\/span><\/div>\n
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WEEKEND READS<\/div>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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\u00a0Taxing<\/span>\u00a0the rich won\u2019t pay for Democratic promises<\/a><\/div>\n
\u00a0OPINION \u2014 There is a lot to unpack when it comes to the Democratic presidential candidates\u2019 many proposals to transform America, but the real question isn\u2019t whether they will work. They won\u2019t. It\u2019s about how\u00a0these Democrats\u00a0expect to grow the economy to pay for\u00a0their\u00a0plans\u00a0because simply \u201ctaxing<\/span>\u00a0the rich\u201d won\u2019t cut it.<\/div>\n
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\u201cThe Rich Can\u2019t Get Richer Forever, Can They?\u201d<\/a>\u00a0by Liaquat Ahamed in The New Yorker: \u201cInequality comes in waves. The question is when this one will break.\u201d<\/div>\n
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\u201cThe Last of the Ayn Rand Acolytes,\u201d<\/a>\u00a0by Alexander Sammon in TNR: \u201cThis year\u2019s Objectivist Conference revealed that her cult of hyper-capitalism has a major recruiting problem: All the young people want to be socialists!\u201d<\/div>\n<\/div>\n<\/div>\n
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If you want more CLICK HERE for the Full Story<\/strong><\/span><\/div>\n
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The post From the President \u2013 10-7 \u2013 Weekly Update<\/a> appeared first on Policy and Taxation Group<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

I want to thank all of the Family Enterprise USA and Policy\u00a0and\u00a0Taxation\u00a0Group members that flew into Washington, DC to participate in our combined Board Meetings and Capitol Hill visits. Having family business leaders join us on Capitol Hill as we explain the need for the elimination of the death tax \u2013 as well as our […]<\/p>\n","protected":false},"author":2,"featured_media":1506,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","footnotes":""},"categories":[43],"tags":[50,11,5],"class_list":["post-1518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-estate-taxes","tag-death-tax","tag-estate-tax","tag-family-business"],"acf":[],"_links":{"self":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/1518","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=1518"}],"version-history":[{"count":0,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/posts\/1518\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=\/wp\/v2\/media\/1506"}],"wp:attachment":[{"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/familyenterpriseusa.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}