[et_pb_section fb_built=”1″ _builder_version=”4.16″ 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_button button_url=”https:\/\/www.ditchtheestatetax.com\/contact-congress-2\/” url_new_window=”on” button_text=”Join us in asking Congress to stop taking a lifetime of savings from multi generational businesses.” button_alignment=”center” disabled_on=”off|off|off” admin_label=”Call to Action Button” _builder_version=”4.18.0″ _module_preset=”default” custom_button=”on” global_colors_info=”{}”][\/et_pb_button][et_pb_divider _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][et_pb_text admin_label=”Content” _builder_version=”4.19.1″ text_font=”||||||||” text_font_size=”16px” background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”]<\/p>\n
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Today, Representatives Jodey Arrington (R-TX), Tom O\u2019Halleran (D-AZ), Claudia Tenney (R-NY), and Brad Schneider (D-IL) launched the bipartisan Congressional Family Business Caucus, the first congressional caucus focused solely on the critical issues facing generationally-owned family businesses of all sizes and industries across the United States.<\/p>\n
The Congressional Family Business Caucus, the four bipartisan congressional sponsors have announced, will meet regularly and will connect members of Congress with America\u2019s family businesses in Washington, D.C. and in their districts and home states.<\/p>\n
Caucus membership is open to all members of Congress seeking to learn more about generational owned family business issues, which affect 59 percent of the nation\u2019s private workforce, or 83.3 million workers. There are 32.4 million family businesses in the U.S, representing $7.7 trillion in annual GDP.<\/p>\n
\u201cAmerica\u2019s family-owned businesses are the foundation of our economy, responsible for more than half of the country\u2019s employment and accounting for 78% of new job creation,\u201d said Congressmen Arrington in announcing the new caucus. \u201cUnfortunately, business owners and entrepreneurs face numerous challenges from high inflation to labor shortages, to burdensome tax policies and regulations,\u201d he said. \u201cI am proud to co-lead the Congressional Family Business Caucus to promote policies that will help family-owned businesses \u2013 including our farmers, ranchers, and energy producers \u2013 thrive for generations to come.\u201d<\/p>\n
The Congressional Family Business Caucus is bipartisan and will focus on helping family businesses across the country, including small enterprises, multi-generational family businesses, and large family businesses.<\/p>\n
\u201cFamily businesses and farms are the lifeblood of our upstate New York economy,\u201d said Congresswomen Tenney about the new group. \u201cAs a longtime small business owner of my family\u2019s printing and manufacturing company, I am honored to launch and co-chair the first-ever Congressional Family Business Caucus,\u201d\u00a0she said.\u00a0<\/strong>\u201cSmall businesses and family farms drive our economy \u2013 they invest in our local communities and provide good-paying jobs and opportunities for New York families. This caucus will ensure that family businesses have a voice in Congress and a seat at the table. I am honored to co-lead this vitally important caucus that will be focused on driving the conversation in Washington and delivering real policy results.\u201d<\/p>\n Several organizations, including Family Enterprise USA and the Policy and Taxation Group, have been working with Capitol Hill leadership on the formation of this new family business-focused caucus and look forward to working with its members to raise awareness of the issues facing family businesses on Capitol Hill.<\/p>\n \u201cWith this new Congressional caucus, family businesses now have the focused support of our leaders in Congress,\u201d said Pat Soldano, President, Family Enterprise USA, a supporter of the new caucus and an advocate for multi-generational family-owned businesses.\u00a0<\/p>\n \u201cWe\u2019ve been working for the growth of America\u2019s family businesses for decades, but today our voice has greater power with the formation of this bipartisan Congressional caucus,\u201d she said.\u00a0\u00a0\u201cWe applaud this development and look forward to working with the caucus to help bring the importance of family businesses front and center to the many issues facing this country.\u201d\u00a0 Soldano is also President of the Policy and Taxation Group.<\/p>\n [\/et_pb_text][et_pb_button button_url=”https:\/\/familyenterpriseusa.com\/2022-annual-family-business-survey\/” button_text=”Have Your Voice Heard in Congress. Please Take Action Today!!!” button_alignment=”center” disabled_on=”on|on|on” admin_label=”Call to Action Button” _builder_version=”4.16″ _module_preset=”default” custom_button=”on” disabled=”on” global_colors_info=”{}”][\/et_pb_button][\/et_pb_column][\/et_pb_row][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 disabled_on=”off|off|off” _builder_version=”4.17.6″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][et_pb_text admin_label=”Become a member text” _builder_version=”4.18.0″ 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 multi generational businesses and protecting a lifetime of savings has never been greater. Now more than ever, multi generational businesses and family businesses are under fire. That’s why Family Enterprise USA is passionately working to increase the awareness of issues important to generationally-owned family businesses 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 are high Income Tax Rates, possible elimination of Valuation Discounts, increase in Capital Gains Tax, enactment of a Wealth Tax, and the continued burden of the Estate Tax (death tax), and with the possible elimination of Step up in Basis.<\/p>\n [\/et_pb_text][et_pb_text admin_label=”FEUSA Statement” _builder_version=”4.17.6″ 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>\nWe hope you’ve enjoyed this article. While you’re here, we have a small favor to ask…<\/em><\/h4>\n
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