Jul 30, 2021 | Estate Taxes, Family Enterprise USA, In The News, State Death Tax
Contact Congress Now - It Only Takes a Minute Individuals pay a 40% tax on the FULL MARKET VALUE of their assets, when they die, not just on the appreciation of those assets. That is why they receive a “step up in basis” to this value. On July 21, 2021, Senators...
Jul 29, 2021 | Family Business Stories, Family Businesses, Family Enterprise USA, In The News
Contact Congress Now - It Only Takes a Minute Murphy Oil Corporation has a rich and storied history dating back to the early 1900s when our founder, Charles Haywood Murphy, Sr., envisioned becoming an industry leader, first in lumber and banking, and ultimately in oil...
Jul 29, 2021 | Family Enterprise USA, In The News, Taxes
President Biden has proposed two plans which would change tax policy, The American Jobs Plan and the American Families Plan. Included in these plans are some of the policies described below; please give us your opinion of what is most important to you, see the list...
Jul 8, 2021 | Estate Taxes, Family Business Stories, Family Enterprise USA, In The News, Video Post, Watch & Listen
Contact Congress Now - It Only Takes a Minute Casey Roscoe is 3rd generation family member of Seneca, a women-owned business in Eugene, Oregon. Listen to her tell the story of the history of the business and the family’s commitment to their employees and their...
May 28, 2021 | Budget Deficit, Family Enterprise USA, In The News
Thank you to Brandon Roman and the team at Squire Patton Boggs (US) LLP for this report. The Biden Administration this afternoon released its FY22 Budget Request. The proposal, which is estimated to cost more than $6 trillion, would dramatically expand the size and...
May 13, 2021 | Estate Taxes, Family Businesses, Family Enterprise USA, In The News, Income Taxes, Taxes
Earlier today, Congressman Jodey Arrington (R-TX) and Congressman Henry Cuellar (D-TX) and Senator Tom Cotton (R-AR), on a bipartisan, bicameral basis, introduced the Estate Tax Rate Reduction Act of 2021. This legislation would reduce the estate, gift and generation...
Apr 30, 2021 | Estate Taxes, Family Enterprise USA, In The News, Taxes
Thank you to Brandon Roman and the team at Squire Patton Boggs (US) LLP for this report. The American Jobs Plan and American Families Plan together include a wide variety of changes to the Tax Code, building on the tax proposals included in the already-passed American...
Apr 23, 2021 | Family Businesses, Family Enterprise USA, In The News
Thank you to Brandon Roman and the team at Squire Patton Boggs (US) LLP for this report. Next week, President Biden is expected to reveal details about his American Families Plan proposal, which will focus on paid family leave, free community college, and other...
