May 22, 2020 | COVID-19, Family Enterprise USA, In The News, Taxes
What to Expect in Next Economic Recovery Package House Democrats’ Opening Bid—The HEROES Act Only four days after its May 12 introduction, the House narrowly approved the HEROES Act (H.R.6800), 208-199. The legislation contains Democratic policy priorities, including...
May 11, 2020 | Budget Deficit, COVID-19, Family Enterprise USA, In The News
If you’re a regular reader of these updates, this week’s will seem like Deja vu. Congress moved quickly to pass a costly aid package without regard to how it would be paid for, which the President signed immediately. The $484 billion relief package was...
Apr 29, 2020 | COVID-19, Family Business Stories, Family Businesses, Family Enterprise USA, In The News
There is one word I typically avoid and usually cringe when it is used: unprecedented. Its inclusion is for dramatic effect, of course. And while it can technically be used to connote an event or item that is unique, atypical, or abnormal, for me, it really should be...
Apr 22, 2020 | COVID-19, Family Enterprise USA, In The News
The U.S. Senate gave its approval yesterday to a $500 billion interim coronavirus relief measure providing additional funding for small businesses, hospitals and health providers, and other national COVID-19 priorities (discussed further below). But the biggest news...
Apr 21, 2020 | COVID-19, Family Enterprise USA, In The News
The U.S. Congress is expected this week to reach agreement on and pass a bill to add hundreds of billions of dollars in fresh funding to the CARES Act’s small business lending account, the Paycheck Protection Program (PPP), which ran out of money last week. The...
Apr 20, 2020 | Family Enterprise USA, In The News, Income Taxes
“Cities and states brace for economic ‘reckoning,’ eyeing major cuts and fearing federal coronavirus aid isn’t enough,” by WaPo’s Tony Room: Many states and cities, which were already cash-strapped, are now in dire straits, facing...
Apr 18, 2020 | Family Enterprise USA, In The News
Donald Trump President Trump on Friday renewed his calls for a broad payroll tax cut as part of a “phase four” coronavirus relief package to ease the economic pain caused by the pandemic. Joe Biden According to the latest delegate count, former VP Joe...
Apr 17, 2020 | COVID-19, Family Enterprise USA, In The News
The federal Paycheck Protection Program (PPP), established weeks ago under the bipartisan CARES Act to provide a lifeline to small enterprises slammed by the economic shock wave of COVID-19, ran out of money Thursday. With a divided Congress at odds over whether funds...
Apr 16, 2020 | Family Businesses, Family Enterprise USA, In The News
The ink was barely dry from signing the third and largest stimulus package in the history of our Country, and there was already talk of a fourth bill. The first three stimulus bills were mainly focused on addressing increased spending for the government, states, and...
Apr 10, 2020 | Family Businesses, Family Enterprise USA
Please join us for an update call on Friday, April 17 at 12PM ET | 9AM PT Agenda With control of the Legislative Branch and Executive Branch up for grabs in the November election, what would tax policy look like under a Democratic controlled DC? Join us as our special...
Apr 9, 2020 | Family Business Survey, Family Businesses, Family Enterprise USA
Legislators must know what is important to family businesses; what helps or hurts them when it comes to operating their business and creating more jobs. As we learned from the last tax bill, Family businesses are not at the forefront of discussions in Washington D.C.,...
