Kip Peterson has been named to the Policy and Taxation Group’s Board of Directors, it was announced May 12, 2022.
The announcement of Peterson was made by the group’s president Pat Soldano. Policy and Taxation Group is the advocacy and lobbying arm of Family Enterprise USA, a group dedicated to the interests of America’s families and family businesses, representing 59 percent of the country’s private workforce, or some 83.3 million U.S. jobs.
Peterson comes to Policy and Taxation Group from Waycrosse, Inc., where he is associate general counsel. Waycrosse, Inc. is a premier multi-generational single-family office headquartered in Wayzata, Minnesota.
“Kip brings a wealth of knowledge and experience to Policy and Taxation Group and will help us get the message out about the challenges families face in today’s business environment,” said Soldano in making the announcement. “He will help us focus attention on punitive taxes families and their businesses face,” she said. “We’re excited to have Kip join the doard of directors and to have his perspective and experience.”
At Waycrosse, Peterson oversees the transactional legal practice, including contracts, corporate governance, real estate, and investment transactions, and manages litigation and dispute resolution for both Waycrosse and its clients. Peterson also leads Waycrosse’s risk management team and serves on the Waycrosse Risk and Technology Committee.
Peterson received his Bachelor of Arts from the University of Minnesota and his Juris Doctor from the University of St. Thomas (MN) School of Law.
“The work the Policy and Taxation Group does is the important behind the scenes work that helps keeps our country’s families and their businesses strong and growing,” said Peterson in joining the board. “I look forward to bringing my expertise to the group to help in this important cause.”
Key family and family business issues often center around taxes, with 45 percent of families and family businesses ranking new income taxes ranked as their biggest tax worry, research shows. Estate taxes, commonly known as The Death Tax, is the second biggest tax headache.
The Policy and Taxation board of directors consists of nine members from a broad cross-section of America, including diversity geographically, politically, and in terms of size of business.
“With proposed changes in estate tax legislation, it is more important than ever for families to do their planning to pass ownership to the next generations to sustain the business and maintain the legacy,” said Soldano. “We welcome Kip in helping us with our mission of keeping families strong for the long term.”
Policy and Taxation Group is your voice in Washington on economic freedom. We advocate for policies that allow American families to fully enjoy the economic liberties and benefits of a robust free market unique to our nation. For over 25 years, we have been the loudest voice in the nation’s capital on eliminating the death tax. This ill-conceived tax has a destructive impact on families, family businesses, job creation, and the national economy.
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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 Policy and Taxation Group 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.
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