An increase in income tax rate means you'll pay a higher percentage of your income to the government. This directly reduces your disposable income, the money you have left after taxes for spending or saving. This can make it harder to afford basic necessities, save for retirement, or invest in your future.
Join Pat Soldano, President of Family Enterprise USA, in a candid conversation with Jeff Reed, President and CEO of Reed Family Companies. Discover the rich history and operations of Reed Family Companies, spanning heavy highway construction, aggregates, and infrastructure projects across the U.S. and overseas. Jeff delves into workforce issues, succession planning challenges, and the impact of legislation on family businesses. Gain valuable insights into community involvement and the unique dynamics of family-owned enterprises in this illuminating discussion.
Introduction to Reed Family Companies: Jeff Reed, President and CEO, provides insights into the history and operations of Reed Family Companies, a multi-generational family business primarily involved in heavy highway construction, aggregates, and infrastructure projects.
Challenges of Growth: Reed discusses the challenges of finding competent employees and navigating government regulations, particularly in areas such as opening new quarries and developing new equipment lines.
Succession Planning: The discussion touches on the complexities of succession planning within family businesses, with Jeff sharing his experience of navigating estate taxes and planning for the next generation’s involvement in the business.
Community Engagement: Reed Family Companies actively engages with the community through initiatives like Reed Community Day, where employees volunteer their time, and involvement in local projects such as rebuilding parks and supporting charities. Jeff emphasizes the importance of family businesses in community support and urges Congress to address regulatory issues affecting businesses, particularly in California.
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The need for fact-based reporting of issues important to family offices and successful individuals and protecting a lifetime of savings has never been greater. Now more than ever, family offices and successful individuals are under fire. That’s why Policy and Taxation Group is passionately working to increase the awareness of issues important to family offices and successful individuals, while continuing to strengthen our presence on Capitol Hill.
Policy and Taxation Group is the Voice for Family Offices and Successful Individuals in Washington, DC focused exclusively on the critical tax and economic policies that impact them.
Since 1995, Policy and Taxation Group has been the leading advocacy group working to reduce and eliminate estate tax, gift tax, and generation skipping transfer tax while blocking increased income tax and capital gains taxes, the creation of a wealth tax, and other hostile tax policies that punish hardworking taxpayers and success.
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