FEUSA-email-header
Join us in asking Congress to stop taking a lifetime of savings
from multi generational businesses.
Polarized Electorate, Divided Government: What to Expect With the 118th Congress

Republicans appear to have won a narrow House of Representatives majority; control of the Senate remains undecided as of November 9, 2022.

While pundits forecast a Red Wave sweeping across the country, voters delivered a different message.

The narrow majorities in both chambers suggest America remains divided, and compromise will be needed to overcome policy gridlock.
Analysis of the Mid-Term Elections
Lame Duck Preview
  • This month, both the House of Representatives and Senate will return for a “Lame Duck” session, a period of policymaking –lasting through the end of the year –that will include lawmakers who will not be returning for the next Congress.
  • Of note, Democrats anticipate Republicans demanding concessions in exchange for their support for raising the statutory debt limit when the federal government is set to hit its debt ceiling in 2023. Democratic leaders have discussed utilizing the budget reconciliation process this year to preempt any issues next year, but such actions would require Democratic unity and speed to pass a new budget with reconciliation instructions on the debt limit and subsequently pass a reconciliation bill increasing the debt limit itself.
Congress and the Biden Administration will seek to address a host of issues in the coming two years.
  • Funding the government –and avoiding a highly disruptive shutdown –will depend on the level of unity among Congressional Republicans
  • Republicans Seek to Increase National Security Funding; Exercise Oversight of Awards to Ukraine
  • Education issues are ripe for reform, following rising costs and the impact of the COVID-19 pandemic on students and schools, but education policy has become a frontline for partisan politics.
  • The GOP is champing at the bit to boost fossil fuels, but the party recognizes that clean energy needs to be part of the equation.
  • Democrats and Republicans remain polarized on environmental policy, limiting the likelihood of any real progress.
  • Expect Republicans to aggressively direct U.S. foreign policy priorities and create tough votes for Democrats ahead of the 2024 presidential elections –especially on China.
  • Temperatures will run high on health issues, with no break in the fever anytime soon.
  • The business community’s perspective roars back into labor and employment policymaking…caution: more partisan tension ahead!
  • Republicans ready to rally for reform, but tweaking taxes will be tricky for tax-writers; Treasury to take on targeted tax tasks
  • Biden officials will continue pursuing “worker-centric” trade policies, while Republicans push for traditional deals that lower tariffs on American-made exports.
  • House Republicans will seek to undo some signature Democratic infrastructure wins of the past two years.

Our thanks to Squire Patton Boggs for this report.

To read more of this analysis and learn more about specific details, please click.

Upcoming Events

  • November 15: Tolleson Presentation Luncheon, Dallas, TX
  • November 17: Whittier Trust, virtually
  • Dec 6: CSUF FBC Workshop
  • December 7 - 9: Private Wealth Management Summit, Palm Beach, FL
Family-USA-Cover-Tile
Sign-Up For New Podcast: "Voice of Family Business on Capitol Hill" with host Pat Soldano.

Join our growing family of podcast listeners by clicking on the links below to our new podcast, "The Voice of Family Business on Capitol," where each episode delves into the major issues facing family businesses and family business centers today. Subscribe by clicking on these links, or wherever you get your podcasts.
Please stay safe and healthy,
Pat Soldano
President; Family Enterprise USA
pmsoldano@family-enterpriseusa.com
712 H Street NE Suite 1330
Washington DC 20002
202-738-4916
We hope you’ve enjoyed this article. While you’re here, we have a small favor to ask…

As we prepare for what promises to be a pivotal year for America, we’re asking you to consider becoming a member.

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.
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
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

Family Enterprise USA Sponsors
Family Enterprise USA Sponsors
Family Enterprise USA Sponsors
facebook twitter instagram linkedin