What is your Top Concern: Income Tax, Estate Tax, or Wealth Tax?
Legislative Update Focuses on Growing Wealth Tax Concerns, Tariffs, and Supreme Court Decisions
In the recent quarterly Legislative and Political Update Webcast for Members and Supporters of Family Enterprise USA and Family Enterprise USA Action the spotlight was directed firmly on tariffs and recent Supreme Court decisions.
Key presenters during the webcast, held Feb. 26, included Pat Soldano, President, Family Enterprise USA and Family Enterprise USA Action, and Russ Sullivan, Mark Warren, and Aaron Cummings of government affairs and legal firm Brownstein in Washington, D.C.
Additional speakers, primarily focused on the wealth tax debates going on in California, were Brownstein’s Sacramento office tax experts Greg Hayes and Baltazar Cornejo.
During the live webcast, attendees were polled on two key issues affecting family-owned businesses and successful families. The questions and results were as follows:
Q: Do you think that you, your family, or your businesses could be affected by a national or state wealth tax?
- Yes: 82%
- Unsure: 18%
Q: Has you or your businesses been impacted by tariffs?
- Yes: 58%
- No: 25%
- NA: 17%
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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 Family Enterprise USA Action 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.
Family Enterprise USA Action engages with legislators on Capitol Hill on behalf of family offices, successful families, and family-owned businesses. It is focused exclusively on the critical tax and economic policies that impact them. Since 1995, FEUSA Action has been the leading advocacy group working daily in Washington, D.C., to reduce and eliminate estate tax, gift tax, and generation skipping transfer tax while blocking increased income and capital gains taxes, the creation of a wealth tax, and other hostile policies that punish hardworking taxpayers and success in the U.S. It is a bipartisan 501.c4 organization.
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