Tell Congress Where You Stand - Act Now
Budget Reconciliation 2.0 … and 3.0?: Last week, the Senate completed its consideration of the FY2026 budget resolution, with a vote-a-rama and passage of S.Con.Res.33. The budget resolution sets the stage for a second reconciliation bill focused on homeland security funding. In the House, Republican leadership is working to keep the budget resolution narrowly focused on funding Immigration and Customs Enforcement (ICE) and the Border Patrol, leaving broader Customs and Border Protection (CBP) funding for the regular appropriations process, to ensure swift passage via reconciliation. Dive Into The Details
Bipartisan House Tax Bills Advance to the Senate: On Monday, the House advanced seven bipartisan tax bills by voice votes that aim to enhance Internal Revenue Service (IRS) efficiency, taxpayer services and targeted relief. The House also passed changes to whistleblower protections by an overwhelming 346-10 bipartisan vote. Dive Into The Details
Bessent Testifies before Senate FSGG Appropriations Subcommittee: On April 22, the Senate Appropriations Financial Services and General Government (FSGG) Subcommittee held a hearing to review President Trump’s FY2027 Treasury Department budget request, which proposes an 8.3% funding cut form FY2026. Treasury Secretary Scott Bessent testified on implementation of the One Big Beautiful Bill Act (OBBBA), including larger average tax refunds, upcoming IRS guidance on family-leave credits, and scholarship-organization certifications. Dive Into The Details
Kustoff Introduces Small Business Tax Cut Act: On April 23, Rep. David Kustoff (R-TN) introduced the Small Business Tax Cut Act (H.R. 8415), which would expand the section 199A qualified business income deduction for pass-throughs by raising the deduction from 20% to 23%. The bill would also update income thresholds and phaseouts as well as broaden eligibility, including for specified service trades or businesses and certain business development company dividends. Dive Into The Details
Evans Introduces Rehabilitation of Historic Schools Act Bill: On April 27, Rep. Dwight Evans (D-PA) reintroduced the Rehabilitation of Historic Schools Act (H.R. 8501), which would expand the federal historic rehabilitation tax credit to include public school buildings. The bill is intended to help finance repairs of health hazards like lead, mold and asbestos while modernizing HVAC systems. Dive Into The Details
Trump Threatens UK Tariffs Over Digital Tax: In a press conference on April 24, President Trump said that the United States will impose “big tariffs” on the United Kingdom (UK) unless it drops its 2% digital services tax (DST) on revenues from search engines, social media and online marketplaces deriving value from UK users. Dive Into The Details
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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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