Supporters Meeting Recap from 9.27.18

Below is a summary of the PATG-FEUSA Supporters and Members Meeting held on September 27, 2018.

0 comments
Patricia M. Soldano

Pat Soldano Interview on Exit Coach Radio

0 comments
family business

GOP Releases Phase 2 Retirement Details

Below is the link to a summary of details on Tax Reform 2.0 legislation issued by the Ways and Means Committee. Please note this includes making permanent the doubling of

0 comments

Senator Kyl Returns to Senate to Succeed Sen. John McCain

Excellent news as our good friend and supporter, Senator Kyl will be back in the Senate. From AZ Central Jon Kyl, once one of the most powerful Republicans in the

0 comments
taxes_111413thinkstock

Ways and Means to Consider Phase 2 Tax Bill Next Week

House tax writers will meet to consider legislation to make permanent the expiring individual and business tax provisions in the 2017 tax law during the week of September 10. House

0 comments
capitol-58062_960_720

Analysis of Proposed Tax Regulations for “Pass-Through” Entities

The US Department of the Treasury and the IRS have released Proposed Regulations on Internal Revenue Code Section 199A, the 20% pass-through deduction designed to provide tax relief to pass-through

0 comments

Plan To Attend September Policy and Taxation Group Dinner & Meeting

Wednesday, September 26, 2018 6:00pm Supporters and Members Dinner Acqua Al 2 212 7th Street SE Washington DC Thursday, September 27, 2018 10:00am-2:00pm Supporters and Members Meeting 20 F Street

0 comments
capital-hill-2645396_960_720

Estate Tax Update August 2018

Chairman Brady intends to have the House address the 2018 Tax Bill 2.0 when they return from August recess; note that it will include making the estate tax life exemption

0 comments

2018 Family Businesses Survey Reveals Commitments, Challenges, & Concerns

New Survey of Family Businesses Reveals Commitments, Challenges, & Concerns Ahead Family business are key drivers of economic development, but taxes and regulations hinder growth Two-thirds of participating business owners

0 comments

Nunes Introduces Bill to End Capital Gains Taxes on Inflation

Congressman Devin Nunes (CA-22) has introduced a bill in the House of Representatives to eliminate capital gains taxes on inflation. By ending this unfair tax, the Capital Gains Inflation Relief

0 comments

SAVE THE DATE: Policy and Taxation Group Dinner & Meeting

Policy and Taxation Group Supporters Meeting When Thursday, September 27, 2018 from 10:00 AM to 2:00 PM EDT Where Washington D.C. TBD Would you like updates on our estate tax

0 comments

H.R. 6228 Would Permanently Increase Estate Tax & Gift Tax Exemption

Before leaving for last week’s Fourth of July Recess, Ways and Means Committee Member Rep. Kenny Marchant (R-TX) introduced H.R. 6228, which would permanently increase the estate and gift tax

0 comments

Anthony Timberlands

My personal view, for what is might be worth, is that lowering the corporate tax rate from the current 35% to 20% is too big a cut and unnecessary to

0 comments

My Estate Tax Experience

June 13, 2018 My father started an aerospace component manufacturing business March 31, 1961 in Maywood, California. He started it by himself investing $7,500 dollars in the business. He hired

0 comments

Why White Castle Supports Repealing the Death Tax

As a family owned business for 97 years now, White Castle has learned a lot about what it takes to create an enterprise that’s sustainable and capable of nourishing our

0 comments

Family Operating 100 Hardware Stores

A family operating 100 hardware stores in the Midwest had to sell the business to a private equity firm in the 3rd generation of the family businesses. The family had

0 comments
capital-hill-2645396_960_720

More Than One Bill in Tax Cut 2.0 Package

House Ways and Means Committee Chairman Kevin Brady (R-Texas) said that tax-cut legislation he hopes to unveil in August will include a package of bills, the centerpiece of which will

0 comments

Chairman Would Like The House Vote In July 2018

Chairman Kevin Brady has indicated that he would like the House to vote in July, on making all individual tax cuts permanent, which were included in last year’s tax bill.

0 comments
Death Tax Chart By States

State Death Tax Chart Update July 9, 2018

Revised July 9, 2018 PATG State Death Tax Chart – July 9, 2018 This chart is maintained for the Policy and Taxation Group Website and is updated regularly.  Any comments

0 comments
14205502066_e166364bbd_z

Chairman Brady Hopes to Have New Tax Bill by August to Pass in September or October

Politico: MARK YOUR CALENDARS: Might there be another tax vote in Congress around the time fall rolls in? House Ways and Means Chairman Kevin Brady said on Tuesday that he

0 comments
congress

The Politics Of It All. Minneapolis Luncheon and Discussion

TAX POLICY: THE POLITICS OF IT ALL Last year was a historic year for tax reform with the “Tax Cuts and Jobs Act of 2017”. Families and their businesses were

0 comments

White House Plans to Release Phase 2 Tax Package by Summer’s End

I wanted to share the below that was published by Tax Notes on Friday, May 25th, 2018. The White House is working with House and Senate tax writers to draft

0 comments

Family Businesses; Jobs, Economic Growth and Charitable Giving

0 comments

Policy And Taxation Group Visits The Hill May 2018

Photos from a recent visit to The Hill by Policy And Taxation Group to talk about the estate tax and the impact on family businesses.    

0 comments

Jobs and Opportunity: Legislative Options to Address the Jobs Gap

The Honorable Adrian Smith U.S. Congressman, Third District of Nebraska Chairman, House Ways and Means Human Resources Subcommittee 1102 Longworth House Office Building Washington, DC 20515 Dear Chairman Smith, I

0 comments
iStock_000057428986_Double

Family Businesses – Jobs, Economic Activity and Charity

Family Businesses in the United States Giving by Families; 2017 Individuals comprised 72% of giving; Corporation’s comprise 5% of giving (2) IRS Statistics of Income (SOI) data indicates that from

0 comments
Estate Tax Repeal And Impact Discussion

Estate Tax Repeal And Impact Discussion

Policy & Taxation Group invites you to attend a reception and discussion hosted by Don and Greg Root. Last year was a historic year for tax reform with the “Tax

0 comments

HR 5422 Death Tax Repeal Bill Introduced

As you know, with Rep. Kristi Noem (R-SD) running for Governor of South Dakota, we need a new champion for our issue in the House. To that end, House Ways

0 comments
capital-hill-2645396_960_720

Update and Extend Earlier Estimates of Proposals to Modify The Estate Tax

Update and Extend Earlier Estimates of Proposals to Modify The Estate, Gift and Generation Skipping Transfer Taxes In this memorandum we update and extend our earlier estimates of three (3)

0 comments
capitol-58062_960_720

Individual Tax Cut Extension to Get Vote This Year, Ryan Says

By Anna Edgerton; Bloomberg BNA The House will hold a vote this year to make individual tax cuts permanent, according to House Speaker Paul Ryan, even though the effort is

0 comments

Get Estate Tax Relief Updates

Since it is possible that additional estate tax “relief” may be possible this year, and unlikely that we’ll see total “repeal”, PATG has drafted “Rate Reduction legislation” and are working

0 comments

Estate Tax Rate Reduction Legislation

Since it is possible that additional estate tax “relief” may be possible this year, and unlikely that we’ll see total “repeal”, PATG has drafted “Rate Reduction legislation” and are working

0 comments
congress

Tax Cuts, Round 2 In 2018

Tax cuts, Round 2: GOP looks to punish Democrats in 2018 POLITICO Magazine By BURGESS EVERETT and RACHAEL BADE – 03/27/2018 06:08 PM EDT “It’s the tax pony, and that’s

0 comments

Chairman Brady Announces Intention To Have Another Tax Bill In 2018

Just in case you missed it; In the House Ways and Means Subcommittee Tax Policy Subcommittee Hearing last week, Chairman Brady acknowledged that Republicans are working on a second round

0 comments
Death Tax Chart By States

State Death Tax Chart Update March 18, 2018

Revised March 18, 2018 PATG State Death Tax Chart – March 18, 2018 This chart is maintained for the Policy and Taxation Group Website and is updated regularly.  Any comments

0 comments
Hiring And Creating Jobs

A Letter for Ways and Means Tax Policy Subcommittee Hearing

Policy and Taxation Group submitted this letter for Ways and Means Tax Policy Subcommittee Hearing held on Wednesday 3/14. The Honorable Vern Buchanan U.S. Congressman, Sixteenth District of Florida Chairman,

0 comments
tax reform

Update On Activities Of PATG, FEUSA, And More

To prepare for the opportunities in the year ahead, we have already begun engaging with lawmakers and identifying our champions – including Rep. Mike Kelly (R-PA), who we would like

0 comments
infrastructure

Senate Democrats Pitch Repeal Of Tax Cuts To Fund Infrastructure (Back)

By Toby Eckert Senate Democrats unveiled on Wednesday a $1 trillion infrastructure plan that would be funded by repealing numerous tax cuts Republicans pushed through Congress last year. The plan

0 comments
tax reform

Tax Policy; The Politics Of It All

If you happen to be in the Orange County, CA area and would like to hear my presentation as described below; please let me know, we would love to have

0 comments
warehouse

Drive to Kill Estate Tax Isn’t Dead, Despite Doubled Exemption

By Allyson Versprille and Jorge Uquillas Estate tax repeal efforts aren’t dead, but tax law changes will make it harder for proponents to make headway anytime soon. “Getting enough Democrats

0 comments
Patricia M. Soldano

Wishing You All The Very Happiest Of New Years

Wishing you all the very happiest of New Years, with the hope that the surprises that lie ahead in 2018 are only of the most positive kind. This is perhaps

0 comments
tax reform

Summary of Tax Cuts and Jobs Act of 2017

Highlights of recently enacted Tax Reform Bill (HR1 “Tax Cuts and Jobs Act of 2017”) Individuals Double the estate, GST and gift tax exemption ($5.6 million to $11.2 million, indexed

0 comments
tax reform

Trump Signs Tax Reform Bill Into Law

Earlier today President Trump signed the just-passed tax reform legislation into law. Though there had been discussion that the President would wait until January to sign the legislation, last night

0 comments
personal-989133_960_720

House and Senate Pass HR 1; on to President

The U.S. House again passes sweeping rewrite of the tax code with a vote of 224-201 of voting in favor and on HR1; Tax Cuts and Jobs Act. 16 Republicans

0 comments
tax-468440_960_720

Approval of Conference Committee Report

On Friday, December 15, 2017, the Conference Committee for the Tax Cuts and Jobs Act released and approved its conference report reconciling the differences between the House and Senate tax

0 comments
blazer-2590798_960_720

Estate Tax Is Hurdle For Minority American Business Owners

BY HARRY ALFORD, OPINION CONTRIBUTOR – THE HILL – 12/08/17 12:00 PM EST ( THE VIEWS EXPRESSED BY CONTRIBUTORS ARE THEIR OWN AND NOT THE VIEW OF THE HILL) The

0 comments
capital-hill-2645396_960_720

Conference Committee Meets on Wednesday This Week

Members Contact Info Below This will be a very important week, the Conference Committee meets Wednesday 12/13. I will be in DC, meeting with those members who we think can

0 comments
congress

Full List of Conference Committee Members

Both Republicans and Democrats Senate Republicans Finance Committee Chairman Orrin Hatch (R-UT) 202 224 5251; hatch.senate.gov Senator John Cornyn (R-TX) 202 224 2934; cornyn.senate.gov Senator John Thune (R-SD) 202 2242321; thune.senate.gov Senator Rob Portman (R-OH) 202 224 3353; portman.senate.gov Senator Tim Scott (R-SC) 202 224 6121; scott.senate.gov Senator Pat Toomey

0 comments
14205502066_e166364bbd_z

Supporters Update on Estate Tax; Time is of the Essence!

Earlier this morning, the Senate voted 51-49 to pass its version of the Tax Cuts and Jobs Act, with Sen. Bob Corker (R-TN) being the lone Republican to vote against

0 comments
change-2933032_960_720

Tax Reform Qualitative Research Findings

Frank Luntz and Luntz Global Partners November 15, 2017 Priorities are crystallizing. As the first year of President Trump’s administration nears its end, Congress has turned its attention away from

0 comments
Pat via Photo by Drew A

Soldano Is The Invisible Leader In Killing Estate Tax

Braving Backlash, Patricia Soldano Of Anaheim Hills Is The Invisible Leader In Killing Estate Tax By DAVID WHITING | dwhiting@scng.com | Orange County Register PUBLISHED: November 10, 2017 at 4:44

0 comments
logo-for-blog

WATCH: The Estate Tax: The Politics of It All

0 comments
capital-hill-2645396_960_720

House Ways and Means Committee Markup of H.R. 1

Fourth and Final Report: House Ways and Means Committee Markup of H.R. 1, Tax Cuts and Jobs Act As we await the release of the Senate’s “conceptual draft,” we wanted

0 comments
capitol-58062_960_720

UPDATE: Senate Markup Bill

House Ways and Means Committee Votes to Phase Out the Death Tax by 2024; Senate Finance Committee Proposes to Double the Exclusion Yesterday, the House Ways and Means Committee voted

0 comments
congress

Revenue Analysis of Options to Reform the Federal Estate, Gift and Generation Skipping Transfer Taxes

Quantria Strategies; Final report September 2017 Revenue Analysis of Options to Reform the Federal Estate, Gift and Generation Skipping Transfer Taxes Executive Summary Our federal transfer tax system has three

0 comments
Policy and Taxation Group

House to Release Tax Bill Text

House Said to Release Tax Bill Text Next Week By Laura Davison The House Ways and Means Committee is scheduled to release a tax bill the week of Oct. 30,

0 comments
washington-1212917_960_720

We’re Pleased That The President’s Tax Reform Framework Includes Repeal Of The Death Tax!

Earlier today, the White House, House Ways and Means Committee, and Senate Finance Committee released their highly-anticipated “unified framework” for tax reform, which calls for elimination of the death tax

0 comments
logo-for-blog

Summary of PATG Supporters Meeting

By Brandon Roman of Squire Patton Boggs Law Firm Last week, the Policy and Taxation Group held its annual Supporters Dinner and Meeting, during which we had the opportunity to

0 comments
taxes_111413thinkstock

Revenue Analysis Of Options To Reform The Estate Tax

Revenue Analysis Of Options To Reform The Estate Tax, Gift tax And Generation Skipping Transfer Tax Our federal transfer tax system has three related components: The estate tax, a gift

0 comments

Estate Tax Will Be Impossible To Pay Off Forcing Sale

In 2005, Elizabeth Marshall Maybee inherited a 3000-acre Northern California ranch from her grandmother that had been in the family since the 1880s. However, “the Marshall Ranch, which survived the

0 comments
family business

Estate Tax Causes In-ability To Contribute Clean Water, Clean Air, And Wildlife Habitat

Tom Crowder’s grandfather had a passion for the outdoors and sustainability. This was reflected in the 6,000 acres of pines, bottomland hardwoods, and wildlife occupying his forest in south central

0 comments
family business

Death Tax Forced Lay Off Of Seasonal Workers

Seventh-generation cattleman Bob McKnight has faced the death tax on multiple occasions, with effects that have been exacerbated by dramatic wildfires and drought. For many farm owners, this has meant

0 comments

Selling Everything To Pay Estate Tax

The Page Family began farming in the 1880s, when Jeff Page’s great-grandfather purchased 50 acres of land in Napa Valley to grow orchard fruit and raise cattle, sheep, and turkeys.

0 comments

Sacrificing Land To Pay The Death Tax

Just outside Nashville, Brandon Whitt operates Batey Farms with his wife, Katherine, and father-in-law, who owns the property. Established in 1807 from a Revolutionary War land grant for military service,

0 comments

Investments At Risk If The Tax Exemption Is Reduced

When Tom and Leslyn Jacobs first got married, buying land was simply a dream. Indeed, they were both young foresters saddled with college loans and old vehicles. However, in 1984,

0 comments

Shutting Down Branches, Laying Off Workers, Or Liquidating Inventory

In 1973, Karen Madonia’s father purchased Illco, a Chicago-based distributor of parts and supplies for heating, ventilation, air conditioning, and refrigeration equipment. Although the company now has 97 employees in

0 comments
family business

Federal Transfer Taxation: A Study In Social Cost

The federal unified transfer tax on estates, gifts, and generation-skipping transfers may appear to be attacks born solely by the wealthiest Americans. This view, however, is as misleading as the

0 comments
family business

Statement of Terry Neese: Distinguished fellow, National Center Of Policy Analysis Family Policy Center.

Support for the estate tax is based on three major claims. One, inheritance is are a major source of wealth and equity. Two, the tax provide significant revenue for the

0 comments
family business

Policy Analysis: Grave Robbers, The Moral Case Against The Death Tax

The Federal gift and estate tax has come to be known as the death tax. There are several proposals to reform or repeal the tax pending before the current Congress,

0 comments
family business

Let The Death Tax Rest In Peace

Despite President Obama’s best efforts, the death tax remains a lightning rod in tax policy. Even the New York Times has reported that the death tax threatens Obama’s ambitions. The

0 comments
family business

Family Businesses In The US Economy

Our job today, Define family business, provide the best available statistics on family businesses, judge the quality of each satistics, and suggest prospects for future research. Read the full Family

0 comments
family business

Our Story – California Family Farm At High Risk

Our beloved 101 “acre California farm-my small family’s one asset- has been in my family since 1942, when it was purchased by my great uncle. It has been planted In

0 comments
iStock_000050914004_Double

An Analysis Of The Descent Distance Into The Defects Of The Estate Tax On Entrepreneurship

This paper is the second in a series of Tax Foundation studies examining Federal transfer taxation. The first of these studies provided a history and overview of federal transfer taxation.

0 comments
iStock_000011146421_Double

A Declaration Of Independence From Death Taxation: A Bipartisan View

We begin with a simple statement of the facts about death taxation. America has had a death tax of some sort since 1916, the first year that the modern personal

0 comments
iStock_000057428986_Double

Death Tax Chronicle

Tea Party Threatened By Death Tax. Estate Valuation Prove Problematic For Oregon Timberland Owners. The Death Tax Chronicle is brought to you by the Family Business State Tax Coalition. Multi-Generation

0 comments
family business

Survey Of The Impact Of The Federal Estate Tax on NAWBO Member Businesses

Summarized below are the results of a survey of 272 family owned and operated businesses which are members of the National Association Of Women Business Owners. The study was sponsored

0 comments

Spending A Lifetime Building To Pay Estate Tax

Mr. Syman is worth multi-millions – interests include real estate holdings, shopping center/strip mall developments, restaurants, etc. He is 66 years old and has just recently started consulting with attorney’s

0 comments
iStock_000011146421_Double

United States Thrives Because Of The Entrepreneurial Spirit

Our great United States thrives because of the concept of capitalism and the promotion of an entrepreneurial spirit With those thoughts in mind, 1 strongly urge you to support permanent

0 comments

Death Tax End Needed For Business

The American free market typically rewards success and encourages growth, unless you happen to be a family-business owner. My family has distributed food-service products and paper and plastic disposable products

0 comments
family business

Estate Tax Must Be Repealed

My mother is 86 years old. My father died in ’94. They grew up during the depression. My mother’s father was a share cropper in Nebraska. He earned a dollar

0 comments

The Estate Tax Kills Jobs

The Estate Tax kills jobs. It kills the companies that provide jobs. In the process, it kills towns and communities, particularly those in rural areas dependent upon the land and

0 comments

The Additional Costs Of Estate Tax

Mr. Goebel, the owner of the bus line and a hockey rink, currently has a “buy/sell” arrangement with his brothers regarding the business. They pay about $75,000 a year in

0 comments

Had To Sell Business Due To Estate Tax

My father owned a small business which provided health products to his long time customers. Upon his death, we had to sell the business because of the estate tax on

0 comments

Possibility Of Loss From Estate Tax

I am only 36 yr old and have been in the financial planning field for 8yrs. My clients average age is 67 and range 50-80. Seeing the average portfolio of

0 comments

Selling Nearly Half Of The Estate To “Pay For” The Other Half

My Mother in law recently passed away. She lived in Minden, Ne. all her life. She and her late husband worked their entire lives in Kearney County. They owned farms,

0 comments

Unfair Tax On The Dead And The Living

I have not had to sell assets yet but as it stands upon the death of my father, because of the value of the farm land now, my sisters and

0 comments
family business

Land Owner Impacted In Major Way Upon The Death Of The Patriach

My family has almond land, rice land and cattle land in California. Our forefathers settled on the cattle land in the mid 1800’s. The problem I see is that land

0 comments

Congress Should Reduce Or Repeal Death Tax

Dear Ms. Soldano: I want Congress to do something about reducing the death tax if they won’t repeal it. It looks like the Democrats are dead-set against a repeal, but

0 comments
iStock_000011146421_Double

Post-Election Survey Results, Groundbreaking Data On The Efforts Of The Death Tax

New Data On The Effects Of The Death Tax Almost twice as many family members sell their business or property early because of the death tax, and those who leave

0 comments
iStock_000057428986_Double

American Voter Attitudes On Estate, Gift, And Generation-Skipping Taxes

Clarity is scarce, and at a premium, in Washington today. Complicated, complex, and contentious issues abound. Healthcare, immigration, foreign relations. The list goes on. Pick one. The common denominator is

0 comments
Web

State Death Tax Chart Update July 17, 2017

0 comments
F00183_2017_FEUSA_Family_Business_Survey_Report-1

Family Businesses Survey Reveals Strengths, Challenges Ahead

New Survey of Family Businesses Reveals Strengths and Challenges Ahead Family business are key drivers of economic development, but taxes and regulations hinder growth A new survey finds that family

0 comments
taxes_111413thinkstock

As Congress debates repeal of the estate tax, why not consider ending the gift tax?

With tax reform now in the spotlight of political debate, repeal of the “estate” or “death tax” has moved to the front burner of tax reform proposals currently under consideration;

0 comments
trump

PROPOSED: Trump’s 2017 Tax Reform

President Trump has proposed a comprehensive tax reform plan that includes a complete repeal of the estate tax. The details of his proposal are below:  2017 Tax Reform for Economic

0 comments
logo-for-blog

Bipartisan Estate Tax Repeal Bill Introduced

On Tuesday (1/24/17), Rep. Kristi Noem (R-SD) and lead co-sponsor Rep. Sanford Bishop (D-GA) introduced legislation (H.R. 631) in the House of Representatives that would fully repeal the estate tax in

0 comments
treasury

Treasury Unlikely to Finalize Sec. 2704 Regs Before Inauguration

On Monday (1/9/17), while speaking to the Heckerling Institute on Estate Planning in Orlando, Florida, Kathy Veihmeyer Hughes of the Treasury Department’s Office of Tax Policy, provided a status update of proposed regulations reducing

0 comments
Oct 26 death tax chart map

2017 State Death Tax Chart

Revised July 17, 2017 PATG State Death Tax Chart — July 17, 2017 This chart is maintained for the Policy and Taxation Group Website and is updated regularly.  Any comments

0 comments

Sen. Thune announces intention to repeal the estate tax next year

South Dakota Sen. John Thune and other top Republicans recently announced their intentions to launch a new drive to repeal the estate tax next year, while pulling back on efforts

0 comments

House leaders urge gov agencies to halt regulations

House Majority Leader Rep. Kevin McCarthy (CA) along with Republican committee chairmen have sent a letter to all government agencies urging them not move ahead with any new regulations in the

0 comments

The ACTEC comments on proposed regulations under Section 2704

The American College of Trust and Estate Counsel (ACTEC) has just released a detailed response on Treasury’s proposed regulations under Section 2704 regarding valuation discounts for estates. The ACTEC is

0 comments
treasury

Thousands Ask Treasury To Kill Estate Transfer Proposal

Our voices have been heard! See below for an article on the sizable number of businesses and trade groups that have signed on to the letter against the proposed regulations

0 comments
logo-for-blog

Lawmakers Targeting Spending Bill to Block Estate Tax Rules

BNA Snapshot * Senate opposition letter possible this week * Lawmakers upset administration is using regulatory process for estate tax changes By Allyson Versprille and Aaron E. Lorenzo Sept. 27

0 comments
logo-for-blog

Proposed Changes to Section 2704; FOX webinar replay access

Please click the link below to view the replay of FOX’s most recent webinar on the impact of proposed Section 2704 regulations on families in which Skip Fox, Aubrey Rothrock

0 comments
clinton

Hillary Clinton Proposes 65% Top Rate for Estate Tax

I would like to bring to your attention an article from the Wall Street Journal discussing Hillary Clinton’s proposals for increasing the estate tax. In all, Mrs. Clinton would increase

0 comments
treasury

Letter to the Treasury; Let Your Voice Be Heard!

We have several updates from Capitol Hill this week, particularly regarding the proposed Treasury regulations. Please click this link for PATG’s talking points on the proposed regulations under Section 2704. In

0 comments
trump

Trump’s Estate Tax Plan Good for Wealthy, Bad for Charities

BNA Snapshot * Estates over $50 million give most to charity * If tax repealed, wealthy might lose incentive to make charitable bequests, analysts say By Allyson Versprille   Sept. 12

0 comments
stealth

A Stealth Death Tax Increase

  OPINION  REVIEW & OUTLOOK A Stealth Death Tax Increase Treasury again rewrites longstanding interpretations of law Sept. 5, 2016 6:46 p.m. ET In Print, September 6, 2016, p. A-14 January

0 comments

McGuire Woods LLP Alert

Proposed Section 2704 Regulations Would Impose Major Restrictions on Valuation Discount Planning Long-awaited proposed regulations under Section 2704 of the Internal Revenue Code, released on August 2, 2016, would make

0 comments

Changes in Treasury Regulations, Section 2704 will harm families!

On August 2, 2016, The Internal Revenue Service (IRS) issued much anticipated proposed regulations that would limit the use of discounts when valuing interests in family entities for estate, gift

0 comments
IRS

IRS Expected to Face Pushback Against New Estate Tax Rules

BNA Tax Report The IRS may face an uphill battle as it works to finalize recent proposed regulations meant to curb certain estate and gift tax planning tactics, according to

0 comments
treasury

Treasury Releases Long Awaited Regs on Family/LP’s!

Yesterday, the US Treasury Department released long anticipated guidance under IRC Section 2704 designed to close tax preferences on the valuation of certain interests in family limited partnerships and limited

0 comments
key differentiator

Tax Policy: Key Differentiator Between Presidential Candidates

With the Republican Convention coming to a close and the Democrat Convention opening next week, tax policy continues to be a key differentiator between the Presidential candidates. Donald Trump proposes

0 comments
draft instructions

Estate Tax Draft Instructions Cover Basis Reporting, Marriage

The IRS has recently released a draft of instructions for Form 706 concerning estates of decedents who died after Dec. 31, 2015. These draft instructions include reminders on consistent basis

0 comments
trump, clinton

Trump, Clinton Estate Tax Plans Diverge on Budget Impact

According to a recent study published by the Tax Foundation, presumptive Republican presidential nominee Donald Trump’s estate tax proposal would encourage economic growth, but also reduce tax revenue by billions

0 comments
millionaires

Millionaires lobby to raise their own taxes

We thought this story about the launch of a potential rival lobbying organization featured in Politico would be of interest to you. The Patriotic Millionaires, a group of wealthy Americans who

0 comments
GRATs & estate tax

Impact of 2016 Elections on GRATs and Estate Tax

The results of the 2016 presidential and congressional races could hold significant sway over the future use of grantor-retained annuity trusts (GRATs) while simultaneously impacting estate and gift taxes. If

0 comments
Family Limited Partnership

Final Rules on Family Limited Partnership Valuation – Estate Tax

During an address to the American Bar Association Taxation Section over the weekend, Melissa C. Liquerman, Branch Chief within the IRS Office of the Chief Counsel, acknowledged that long awaited

0 comments

The Estate Tax Turns 100

The Estate Tax Turns 100 years old this year! It is time to kill it once and for all! Please help us to do that by referring families to us that can

0 comments
levin

Rep. Sander Levin introduces bill to increase the estate tax

Rep. Sander Levin, the top Democrat on the House Ways and Means Committee, recently released a new bill that brings back the estate tax parameters from early in the Obama

0 comments
valuation discount

Update on Release of Valuation Discount Regulations

PATG continues to monitor the anticipated year-end release of Treasury regulations under Section 2704 that could place limits on the availability of valuation discounts.  As you are aware, PATG worked

0 comments
spending deal

$1.15 Trillion Spending Deal Passes with Provisions to Gift Tax

Early this morning, Congressional leaders announced that an agreement had been reached to pass a $1.15 trillion deal on spending and tax legislation that would avoid a government shutdown and fund the

0 comments
Brady chairman2

Rep. Kevin Brady named chairman of Ways and Means Committee

Policy and Taxation Group is excited to announce that Rep. Kevin Brady (R-TX) has just officially been announced as the next chairman of the Ways and Means Committee. Rep. Brady

0 comments
family enterprise usa

Family Enterprise USA 2015 Annual Survey

Family Enterprise USA releases an annual survey in order to gather updated data on the state of family businesses throughout the country. You can access the 2015 survey here: https://www.surveymonkey.com/r/TM9W9W8.  

0 comments
ead hispanic survey

Each American Dream Hispanic Survey

Each American Dream recently received back the results from our national survey of Hispanic voters and would like to share some early key insights with you! An interesting finding from

0 comments
soldano the hill

Each American Dream Op-Ed featured in The Hill

We would like to share with you Each American Dream’s latest op-ed, authored by our Chairman Pat Soldano and published last week in The Hill. Pat discusses the need for Congressional action on

0 comments
EAD revised logo

Each American Dream Hispanic Research Project

Policy and Taxation Group’s sister organization Each American Dream (EAD) is in the midst of an exciting research project among Hispanic voters, studying how Latinos view wealth, taxes and the

0 comments
Cameron-Osborne quote

British Proposal to Reduce Estate Tax a Reminder of International Competition

Over the weekend, it came to light that the British Conservatives will soon announce plans to reduce the scope of the United Kingdom’s estate tax by dramatically expanding exemptions allowed

0 comments
congress

Sen. Sanders introduces “Responsible Estate Tax Act” to raise the estate tax to 65%

On June 25, U.S. Presidential hopeful Sen. Bernie Sanders (I-VT) presented legislation calling for an across the board hike on federal estate tax rates with the introduction of the “Responsible

0 comments
PATG_logos-2012

Obama’s Double Death Tax

This was originally posted as an op-ed in Roll Call. By Tyler Deaton For the first time in a decade, Congress has decided to seriously examine the burden the death

0 comments
President-Obama-Delivers-010-e1424988980212

President Proposes Over $400 Billion in New Estate Taxes

This week, President Obama released his budget proposal for Fiscal Year 2016, outlining his spending and tax agenda for the coming year. As with previous proposed budgets, the outline relies

0 comments
PATG_logos-2012

Treasury Response re: Estate Tax

As we previously reported, PATG has been tracking speculation from inside and outside Washington that the IRS may issue proposed regulations aimed at curbing the availability of valuation discounts for

0 comments
PATG_logos-2012

Exciting Changes at Policy and Taxation Group

I wanted to take this opportunity to notify you of some changes at Policy and Taxation Group (PATG), and formally welcome Tyler Deaton to the team. Tyler will replace Jeff

0 comments
PATG_logos-2012

State of the Union Recap

Last night, the President gave his sixth State of the Union address where he outlined his policy agenda for the coming year (video, transcript). The tone of the speech was

0 comments

Views: Cut waste, fraud and abuse

Source: The Hill By Jeff Cook-McCormac If there is a lesson to be learned from the 2014 midterm elections, it is that Americans are frustrated with the status quo. Voters

0 comments

News: CBS This Morning – Frank Luntz Cites EAD Election Night Survey

0 comments

News: New York Times – The Midterms Were Not a Republican Revolution

Source: The New York Times By Frank Luntz On election night 1994, as Republicans recaptured the House for the first time in 40 years, I stood in the audience and

0 comments
PATG_logos-2012

Thune Sends Letter to IRS Defending Family Businesses

Over the past several months, PATG has been tracking speculation from inside and outside Washington that the IRS may issue proposed regulations aimed at curbing the availability of valuation discounts

0 comments
seattle-times-logo-300x52

Editorial: Death tax imposes cost on family business stability

Seattle Times NEWS that the last family farm in Issaquah is being sold for residential development is a reminder of one of the subtle ills of our tax system: a

0 comments
logo-for-blog

Frank Luntz Presentation on Women Voters

By Frank Luntz June 18, 2014 To see the full presentation, click here.

0 comments

News: FOX News reports on EAD Poll

Frank Luntz – an Each American Dream survey found that 78% of Americans now say that working hard and doing the right thing isn’t enough to get ahead. Responders point

0 comments
logo-for-blog

Frank Luntz Presentation on Income Inequality & Taxes

By Frank Luntz January 28, 2014 To see the full presentation, click here.

0 comments

Views: Sen. Jim DeMint on Income Inequality

Economic inequality has become the left’s great hope for recovering its political integrity after the Obamacare disaster. President Obama, trying to change the subject, has latched onto the issue and

0 comments

News: New York Times – Colorado Voters Reject $1 Billion Tax Hike

DENVER – They had $10 million in contributions, a barrage of advertising and support from the usually warring factions of the educational establishment. But Democratic leaders in this swing state

0 comments

News: Forbes – What is a Wealthy Tax Payer’s Fair Share?

Beginning early in his re-election campaign, President Obama began voicing his belief that our broken tax system and mounting deficit could be fixed — in part, at least – by

0 comments

Views: Arthur Brooks on the Value of ‘Earned Success’

I learned to appreciate the American free enterprise system by quitting a job in Spain. At age 19, I dropped out of school to pursue a career as a French

0 comments
PATG_logos-2012

Election Results Create New Dynamic for Fiscal Cliff Talks

With the November 6 elections in the rear view, thoughts turn to the lame duck session and the coming 113th Congress. Observers inside the beltway continue to work to interpret

0 comments
PATG_logos-2012

Election Results Create New Dynamic for Fiscal Cliff Talks

Array

0 comments
PATG_logos-2012

Tax Talk Heats Up in Election

With just a little more than 2 weeks left until election day, the candidates are angling on tax policy and lawmakers are beginning to lay the groundwork for the lame

0 comments
PATG_logos-2012

Policy and Taxation Group Welcomes New Team Member

Array

0 comments
PATG_logos-2012

House Passes Tax Extension Package

Array

0 comments
PATG_logos-2012

House Prepares for Action Affecting Estate Taxes

Array

0 comments
PATG_logos-2012

House Prepares for Action Affecting Estate Taxes

On August 1, it was another busy day in Washington as Congress aimed to finish business (for now) on key items, including House consideration of an extension of current income,

0 comments
PATG_logos-2012

House Passes Tax Extension Package

August 1 was a significant day in the ongoing congressional battle over tax policy. Levin Amendment – During consideration of the Republicans’ one-year tax extension bill, Congressman Sander Levin (D-MI)

0 comments
PATG_logos-2012

Estate Tax Action on the Senate Floor

On July 25, intense activity in tax policy debate returned, and estate tax relief is back in the center of attention. Floor Action Today – As we reported on July

0 comments
PATG_logos-2012

Senate Completes Tax Votes for Now

Array

0 comments
PATG_logos-2012

Estate Tax Action on the Senate Floor

Array

0 comments
PATG_logos-2012

Senate Completes Tax Votes for Now

The Senate Republican proposal, which would have extended current rates for all taxpayers and preserved the 35/5 estate tax parameters, was defeated by a vote of 45-54. 44 of 47

0 comments
PATG_logos-2012

Congress and President Quickly Adopt Payroll Extension

Array

0 comments
PATG_logos-2012

Congress and President Quickly Adopt Payroll Extension

Array

0 comments
PATG_logos-2012

Congress Seeks Offset for Payroll Tax Relief

Leaders of both parties are preparing outlines of legislation to extend or provide additional payroll tax relief, neither of which are expected to impact estate, gift and generation-skipping transfer (GST)

0 comments
PATG_logos-2012

Congress Seeks Offset for Payroll Tax Relief

Array

0 comments
PATG_logos-2012

Parties Exchange Rhetoric on Joint Committee and Congressman Introduces Harmful Estate Tax Bill

Array

0 comments
PATG_logos-2012

After the Joint Committee

Array

0 comments
PATG_logos-2012

President Lays Out Deficit Reduction Plan

Array

0 comments
PATG_logos-2012

President Releases American Jobs Act

Array

0 comments
PATG_logos-2012

New Challenges on Exemption

Array

0 comments
PATG_logos-2012

President Addresses Estate Tax on Bus Tour

Array

0 comments
PATG_logos-2012

Historic Debt Deal and Its Potential Impact on Tax Reform

Array

0 comments
PATG_logos-2012

House and Senate Pursuing Separate Strategies on Deficit and Debt Limit

Array

0 comments
PATG_logos-2012

Leaders Address Nation as Congress Readies Competing Plans

Array

0 comments
PATG_logos-2012

Debt Fight Enters Critical Week

Array

0 comments
PATG_logos-2012

Update from Washington, Estate Tax Questions Remain

Array

0 comments
PATG_logos-2012

Update on Tax Increases Envisioned By Administration

Array

0 comments
PATG_logos-2012

President Steps Up Call for Tax Increases as Part of Deficit Reduction

Array

0 comments
PATG_logos-2012

Deficit Reduction Talks Take Detour

Array

0 comments
PATG_logos-2012

Bipartisan Estate Tax Repeal Bill Introduced

Array

0 comments
PATG_logos-2012

Senate Rejects Limits on GRATs

Array

0 comments

Congress Adjourns, Tax Reform on Agenda for Lame Duck Session

Array

0 comments

Tax Reform Unlikely Before Elections

Array

0 comments
Policy and Taxation Group

Growth Consequences of Estate Tax Reform: Impacts on Family and Small Businesses

By Douglas Holtz-Eakin and Cameron T. Smith September 2010 A Study by the American Family Business Foundation Executive Summary  The United States economy has endured a severe recession and is

0 comments

Update from Capitol Hill

Array

0 comments

Ways and Means Committee Moves GRAT Provision Forward

Array

0 comments

House Adjourns; Senate Makes Final Attempt on Small Business Bill

Array

0 comments

Update from Washington

Array

0 comments

Recess Begins, Congress Plans for Busy September on Taxes

Array

0 comments

Senate to Begin Consideration of Small Business Bill

Array

0 comments

Senate Passes PAYGO Amendment Affecting Estate Tax Offsets

Array

0 comments

Political Landscape Changing in Washington

Array

0 comments

In Context of Jobs, Parties Negotiate Timeline of Estate Tax Reform

Array

0 comments

Partisan Reactions to S&P Downgrade Foreshadow Coming Tax Debate

Array

0 comments
PATG_logos-2012

House Plans for Permanence over Temporary Freeze

Array

0 comments

House Passes Permanence Instead of One-Year Freeze

Array

0 comments

Kyl Pledges to Push for Estate Tax Relief on Small Business Bill

Array

0 comments

Latest from Capitol Hill on Estate Tax Reform

Array

0 comments

House Likely to Consider Another Bill Including GRAT Limitations

Array

0 comments

House Passes GRAT Revenue Raiser

Array

0 comments

House Returning This Week without Plan for Estate Tax

Array

0 comments

House Makes Fourth Attempt at GRATs

Array

0 comments

Grassley Makes Case for Congress To Pass Estate Tax Reform This Year

Array

0 comments

House Passes Bill with GRAT Provision Included

Array

0 comments

Congress Prepares for Fall Battle on Estate Tax Reform

Array

0 comments
PATG_logos-2012

Baucus to Introduce Bipartisan Tax Reform Framework

Array

0 comments
PATG_logos-2012

Baucus and Reid on Estate Tax Expectations

Array

0 comments
PATG_logos-2012

Berkley Introduced Bill Solidifying Estate Tax Gains

Array

0 comments

Disagreement on Amendments Slows Small Business Bill

Array

0 comments

Senate Small Business Bill Does Not Include GRAT Provision

Array

0 comments
PATG_logos-2012

Update on Deficit Reduction and Tax Policy

Array

0 comments

House Clears Health Care Bills, Estate Tax Questions Remain

Array

0 comments

The Fight Over Estate Tax Reform Once Again is Heating Up in Washington

Array

0 comments
PATG_logos-2012

Berkley Bill Introduced, House Leaders Consider Estate Tax Approach

Array

0 comments

Estate Tax Reform Likely Postponed Until 2010

Array

0 comments

Major Legislative Victory for Families! Estate Tax Relief on the Way

Array

0 comments
logo-for-blog

Afro American Newspapers: Families need a permanent, certain fix of Estate Tax

By Harry Alford April 26, 2006 Why does the National Black Chamber of Commerce support the permanent elimination or the reduction of the estate tax? Because many of our family

0 comments
Policy and Taxation Group

Death Tax Squeezes Smaller Companies

By the Seattle Times Company Editorial Board May 17, 2005 THE supporters of the death tax portray it as an egalitarian measure that taxes only the rich. But its effect

0 comments
logo-for-blog

PATG 100+ Executive Interviews of Hispanic Family-Owned Businesses

By Impacto Group June 1, 2004 Prepared for Patricia Soldano Overview “It [death tax] affects everybody. If I shut down my business, it puts 18 families on the street. These

0 comments
Policy and Taxation Group

The Effects on Government Revenues from Repealing the Federal Estate Tax and Limiting the Step-Up in Basis for Taxing Capital Gains

By CONSAD Research Corporation June 30, 2003 Approach CONSAD Research Corporation has developed a computer model for estimating the changes in government revenues that will occur under proposals that, first,

0 comments
logo-for-blog

Women & The Death Tax

By Nancy M. Pfotenhauer April 2002 Women have a special interest in how the death tax affects their families. In part that’s because women are the fastest growing group of

0 comments
Policy and Taxation Group

The Death Tax & Gay and Lesbian Americans

By Frank Luntz April 24, 2001 Overview The message to policymakers from this poll is clear. Gay and lesbian Americans overwhelmingly think they and their families are discriminated against by

0 comments