Let Your Voice be Heard by Congress; 5 Minute Survey
Pat Soldano’s latest article, “Family businesses crave consistency and permanency in new tax legislation“, published by Family Business Magazine, explores the latest tax policy developments, including the potential extension of the 2017 Tax Cuts and Jobs Act (TCJA), and what they mean for family businesses nationwide.
Drawing on expert insights and conversations with key policymakers on Capitol Hill, Soldano highlights the pressing need for consistent, long-term tax policies that promote investment, job growth, and economic stability for America’s largest private employers.
Family Businesses Need Long-Term Tax Stability
Short-term tax wins can be undone with each new administration. Family businesses thrive when tax policies are consistent and permanent, allowing for better planning and investment.
Legislation in Motion: Proposed Tax Code Changes
Lawmakers are pushing to extend Section 199A (pass-through tax deductions) and maintain higher estate tax exemptions to prevent significant tax hikes on family businesses.
The Balancing Act: Tax Cuts vs. National Debt
While extending the 2017 Tax Cuts and Jobs Act (TCJA) benefits family businesses, it also risks adding $4 trillion to the national debt, making bipartisan support challenging.
Read on for an in-depth look at the legislative landscape, tax changes, and what’s at stake for your family business.
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The need for fact-based reporting of issues important to family offices and successful families and protecting a lifetime of savings has never been greater. Now more than ever, family offices and successful families 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 families, 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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