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.
The bi-partisan Congressional Family Business Caucus saw its 49th member sign on to its mission to listen and learn from America’s largest private employer, family businesses.
With the Congressional Family Business Caucus approaching a milestone of 50 members, the next regular Caucus meeting is scheduled for Sept. 18 on Capitol Hill. The topic of the next Caucus meeting is “Enterprise Structure.”
The bipartisan Caucus has four co-chairs: Representatives Jodey Arrington (R-TX), Claudia Tenney (R-NY), Brad Schneider (D-IL), and Henry Cuellar (D-TX). It’s the first congressional Caucus focused solely on the critical issues facing generationally-owned family businesses of all sizes and industries across the United States, including trucking companies, the majority of which are family owned and operated.
The Congressional Caucus membership is open to all members of Congress seeking to learn more about generational owned family business issues, which affect 59 percent of the nation’s private workforce, or 83.3 million workers. There are 32.4 million family businesses in the U.S, representing $7.7 trillion in annual GDP.
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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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