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In the past two weeks, Brandon Roman of Squire Patton Boggs, and I met via ZOOM with 21 Congressional offices, listed below, in both the House and Senate and shared with them the results of the 2020 FEUSA Annual Family Business Survey. Next week, Russ Sullivan of Brownstein, Hyatt, Farber and Schreck and I will be meeting with Democrat offices.
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We will continue to present the results of the survey to Members of Congress so that they know, while family businesses fight to stay healthy and viable during times of COVID-19 and economic stress, they are resilient and build their businesses for the long term, and as a legacy for the family, their employees and their communities. To stay viable their top concerns are 1) income tax, 2) estate tax, and 3) too much government regulation, in that order. 26% of family businesses are “very confident” that their business revenues will increase in 2020, and 46% are “somewhat confident”, even though the survey was conducted from January 31, to April 24, 2020; during the COVID-19 pandemic, once again reflecting the strength and commitment of family businesses. In addition, family businesses give 77% of their charitable giving to their local philanthropic community and 23% nationally, illustrating why the local community suffers if the family business must be closed or sold.
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If you have a relationship with your legislator, please share with him or her the results of the survey and consider giving them a tour of your business operations so they can see firsthand the work that you do and the people you employ. This is a great way to build a relationship with your members of Congress, and they have a chance to meet constituents.
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- Todd Young (R-IN)
- John Barrasso (R-WY)
- Debbie Fischer (R-NE)
- Steve Daines (R-MT)
- Kevin Cramer (R-ND)
- Martha McSally (R-AZ)
- Pat Toomey (R-PA)
- Mike Braun (R-IN)
- Sen. Tim Scott (R-SC)
- Senator Hawley (R-MO)
- Mark Amodei (R-NV)
- David Schweikert (R-AZ)
- Debbie Lesko (R-AZ)
- Cathy McMorris Rogers (R-WA)
- George Holding (R-NC)
- Jackie Walorski (R-IN)
- Tom Rice (R-SC)
- Ron Estes (R-KS)
- Drew Ferguson (R-GA)
- Darin LaHood (R-IL)
- Rep. Dan Newhouse (R-WA)
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SAVE THE DATE; Next Members Update call; July 20, 2020 at 1pm ET and 10am PT
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Please stay safe and healthy,
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Pat
President; Family Enterprise USA
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pmsoldano@family-enterpriseusa.com
712 H Street NE Suite 1330
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