Mar 10, 2022 | Family Enterprise USA, In The News, Taxes
BBBA Comeback? President Biden’s first State of the Union address appears to have reignited discussions around a revised version of the Build Back Better Act (BBBA), though the president did not reference the legislation by name. During his address, President Biden...
Jan 24, 2022 | Estate Taxes, Family Enterprise USA, In The News, Taxes
We Need Your Help. Get Your Voice Heard in Congress. It only takes 5 minutes. The U.S. Congress was in session this week. Democrats in the U.S. Senate fell short in their effort to approve voting rights legislation. Facing unified Republican opposition, Majority...
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 28, 2021 | Family Enterprise USA, In The News, Step-Up In Basis, Taxes
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...
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...
May 4, 2021 | Family Businesses, Family Enterprise USA, In The News
How each one handled the challenges posed by the pandemic By Patricia N. Soldano & Dawn S. Markowitz Mention the word “COVID-19” to a family business owner, and it’s a sure way to elicit a variety of responses. For some, the pandemic brought new and innovative...
Mar 30, 2021 | Family Enterprise USA, In The News, Taxes
Thank you to Brandon Roman and the team at Squire Patton Boggs (US) LLP for this report. Biden Administration Labor Leadership Update On Monday, March 22, the Senate voted 68 to 29 to confirm Mayor Marty Walsh as the next Secretary of Labor. He is the last...
Mar 17, 2021 | Budget Deficit, Family Enterprise USA, In The News, Income Taxes
Thank you to Russ Sullivan and the team at Brownstein Hyatt Farber Schreck LLP for this report. Over The Weekend Now that the American Rescue Plan (P.L.117-2) has been enacted, lawmakers are pivoting to consider economic recovery legislation. Up first in House will be...
Mar 2, 2021 | COVID-19, Family Business Stories, Family Businesses, Family Enterprise USA, In The News
The unraveling of the economy was not in the plans for Loutech in So Cal. We thought we would be bringing our machining capacity to at least 95% from the existing 75%, improving our Quality system, and building our 100+ strong workforce. Instead, we found ourselves...
