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Pat Soldano’s latest article, published by Family Business Magazine, takes an in-depth look at the current tax landscape and its potential impact on family-owned businesses.
As the expiration of key provisions from the 2017 Tax Cuts and Jobs Act (TCJA) approaches in 2025, the House Ways and Means Committee is working to preserve crucial tax benefits.
From safeguarding the estate tax lifetime exemptions to addressing income and capital gains tax increases, the stakes are high for family businesses. Soldano’s article explores how the committee’s efforts may affect the future of these enterprises and what families need to prepare for before the looming “tax cliff.”
Read the full article now to stay informed and prepared!
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The need for fact-based reporting of issues important to family owned businesses and protecting a lifetime of savings has never been greater. Now more than ever, successful families and family owned businesses are under fire. That's why Family Enterprise USA is passionately working to increase the awareness of issues important to family owned 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 include 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 gift tax, estate tax and generation skipping tax.
Family Enterprise USA promotes generationally owned family business creation, growth, viability, and sustainability by advocating for family businesses and their lifetime of savings with Congress in Washington DC. Since 2007, Family Enterprise USA has represented and celebrated all sizes, professions and industries of family-owned enterprises and multi-generational employers. It is a bi-partisan 501.c3 organization. Family foundations can donate.
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