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On January 22, 2025, the House Ways and Means Committee hosted a Member Day Hearing featuring testimony from 55 Members of Congress. The hearing addressed critical tax policy priorities for the 119th Congress, including:
- The extension of the Tax Cuts and Jobs Act (TCJA).
- Proposals for family tax relief and support for clean energy and biofuels.
- Discussions on estate tax reforms and measures for economic development.
This comprehensive report provides insights into the diverse perspectives shared during the hearing and outlines key legislative priorities shaping future tax policies.
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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 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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