Large family businesses that employ thousands of people could soon be subject to the so-called. “Billionaire’s tax”!

View this in your browser. Contact Congress Now It Only Takes a Minute Large family businesses that employ thousands of people could soon be subject to the so-called. “Billionaire’s tax”! Under Senate Finance Committee Chairman Ron Wyden’s (D-OR) plan, taxpayers with over $1 billion in assets or $100 million in income for three consecutive years would be taxed on gains on stocks and other easily traded assets. It is quite possible that family businesses could be considered easily tradeable under this proposal and, depending on their size, be subject to this tax. This could potentially mean that a large family business, which employees thousands of workers would have to pay a capital gains tax rate of 20% or more on the unrealized gains of their family business, putting the business, its employees’ jobs, and ability to support their local communities at risk. Family businesses generate 59% of the workforce and 54% of the GDP…isn’t this something we want to promote and not undermine! Employees of family businesses are paid better and stay longer than those of non-family businesses. Even if a family-owned business is not impacted by this proposal, we must still be concerned about the precedent that would be set by taxing appreciation on assets annually – before they are sold and regardless of whether the assets can be easily liquidated at fair market value. Once this becomes law, what is to prevent Congress from moving the thresholds down from the billion to the million-dollar level? Tell the Democrats to stop this attack on family businesses and their employees! Have Your Voice Heard in Congress. Please Take Action Today!!! Please stay safe and healthy, Pat Soldano President; Family Enterprise USA pmsoldano@family-enterpriseusa.com 712 H Street NE Suite 1330 Washington DC 20002 7143573140 About Family Enterprise USA Family Enterprise USA advocates for American Family business. We help family businesses communicate their challenges and contributions to American economic freedom to Legislators. We represent all American family businesses; not just specific industries and provide research to enhance the opportunity for success. We help family businesses continue to establish their unique business legacy. Family Enterprise USA is a 501(c)(3) non-profit organization.. Family foundations can donate. Family Enterprise USA Digital Brochure If you are not a Member, Join The Movement Now!!! Have questions or would like more information about becoming a Member or donating? Please contact John Gugliada at jgugliada@family-enterpriseusa.com. Family Enterprise USA Sponsors      If you are having difficulties with any link or component in this email, please contact Loren Nelson at loren@family-enterpriseusa.com. Since your Email Provider probably uses some type of overzealous filtering; We ask that you add us to your trusted list of senders, contacts or address book. All also known as "Whitelisting."  If you do not see an email from Patricia Soldano or Family Enterprise USA in your Inbox, our email may have mistakenly been sent to your spam folder.  Please open your spam folder and if you find an email from Patricia Soldano or Family Enterprise USA open it and mark it as "Not spam".  NEXT: Whitelist pmsoldano@family-enterpriseusa.com. Be sure you have added pmsoldano@family-enterpriseusa.com to your address book to ensure you receive important notifications about your account. Unsubscribe | Manage your subscription Family Enterprise USA 712 H Street NE Suite 1330 Washington DC 20002 (714) 357-3140