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The insightful article titled “Wealth Tax Proposals Proliferate” was recently published in Family Business Magazine.
In the article, Pat discusses the rising concerns surrounding wealth tax proposals and the upcoming expiration of the 2017 Trump-era tax cuts.
These developments, set to impact family-owned businesses, are likely to increase anxiety in the legislative landscape through 2025. As tax policies targeting the wealthy continue to be debated in Congress, it’s essential for family businesses to stay informed and engaged.
Read the full article here to learn more about the implications of these changes and what’s at stake for family businesses.
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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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