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The best thing you can do for your family business is …
We are reaching out today to request your help by completing the 2022 Family Enterprise USA Annual Family Business Survey. The 2022 Family Enterprise USA Annual Family Business Survey takes just a few minutes to complete and all survey responses are completely...
Budget Reconciliation: By the Numbers: Taxation & Representation and Tax Tidbit
Tax Tidbit Budget Reconciliation: By the Numbers. Since 1980, Congress has passed 26 budget reconciliation bills, 22 of which have become law. During 11 of those 41 years, Congress did not pass any budget reconciliation at all. Below is a breakdown of the budget...
Attn Family Business Owners: Use This Today To Get Your Opinions Heard
We are reaching out today to request your help by completing the 2022 Family Enterprise USA Annual Family Business Survey. The 2022 Family Enterprise USA Annual Family Business Survey takes just a few minutes to complete and all survey responses are completely...
Want To Protect Your Multi-Generational Business?
We are reaching out today to request your help by completing the 2022 Family Enterprise USA Annual Family Business Survey. The 2022 Family Enterprise USA Annual Family Business Survey takes just a few minutes to complete and all survey responses are completely...
Key Dates to Watch Early This Year: Taxation & Representation and Tax Tidbit
Tax Tidbit Key Dates to Watch Early This Year. Welcome to 2022! We may have welcomed a new year, but Democrats’ policy goals remain largely the same as last year. The top focus continues to be the Build Back Better Act (BBBA), which, despite passing the House last...
Do This And Be The First To Get The DC Legislators To Help You!
We are reaching out today to request your help by completing the 2022 Family Enterprise USA Annual Family Business Survey. The 2022 Family Enterprise USA Annual Family Business Survey takes just a few minutes to complete and all survey responses are completely...
Taxation & Representation and Tax Tidbit
Tax Tidbit Senate Finance Committee Democrats Update Build Back Better. On Saturday afternoon, Senate Finance Committee Chair Ron Wyden (D-OR) released legislative text for the committee’s portion of the Build Back Better Act. The text includes both technical...
Taxation & Representation and Tax Tidbit
Tax Tidbit Build Back Better Timeline. Senate Majority Leader Chuck Schumer (D-NY) has consistently said for months that he wants the Senate to approve the Build Back Better Act before Christmas. He now faces multiple competing legislative priorities and ongoing...
Tax & Financial Services Week Ahead
The House and Senate will reconvene Tuesday at noon and Monday at 3 p.m., respectively. The House and Senate are scheduled to leave Washington after this week for the holiday season, though they will likely stay in session longer to approve multiple must-pass items....
Infrastructure Update – Week of November 29 – December 3
As inflation concerns rise, Senators Manchin (D-WV) and Sinema (D-AZ) will not commit to voting for the Build Back Better (BBB) Act before Christmas – Senate Majority Leader Schumer’s target timeline. What the White House Is Saying Federal Reserve: risk of higher...
Build Back Better Act Passed By House! Details…
Today the House voted 220-213, along party lines to pass the Build Back Better Act. Yesterday Congressional Budget Office (CBO) released its highly anticipated score of the Build Back Better Act. According to the CBO, the $1.75 trillion legislation will add $367...
Help Us Take Action – Contact Congress: Stop New Tax on Individuals and Trusts and Estates
We should NOT punish success, taking a lifetime of savings from multi generational businesses, farmers, restaurant owners, and small business owners. Call to Action! There Is A New Additional Tax For Individuals And Trusts And Estates. Despite the progress we’ve made...
Taxation & Representation & Tax Tidbit
Tax Tidbit Bipartisan Infrastructure Bill Becomes Law. On Monday, President Joe Biden signed into law the Infrastructure Investment and Jobs Act, which contains $1.2 trillion in funding for traditional infrastructure projects likes roads, bridges, highways, public...
Senator Tester of MT, Frank Luntz and COS for Rep David Scott of GA Will Be Speaking
Policy and Taxation Group Supporters Only Update November 17 at 3pm EST; 12pm PST ZOOM WEBINARInfo provided upon registration Please donate now so you do not miss out on this important update from leaders working on these time sensitive tax policy issues. Welcome by...
We Can’t Continue This Fight Without Your Help
Call to Action! There Is A New Additional Tax For Individuals And Trusts And Estates. Despite the progress we’ve made in holding back harmful tax increases on families and their businesses, the Build Back Better Act still includes a significant threat due to two...
Update on the Bipartisan Infrastructure Deal
The Senate is set to pass the Infrastructure Investment and Jobs Act (“IIJA”), a five-year, $1 trillion comprehensive infrastructure package that includes funding for transportation – roads, bridges, ports, airports, rail, and transit – as well as water...
Save the Date: Year-End Legislative Updates and Tips
Please join us on Wednesday, November 10 for a brief but impactful discussion on legislative updates and pending issues that will affect family businesses. The Drucker School Global Family Business Institute Presents:Legislative Updates and End-of-Year Planning Tips...
Possible Solutions For Life Insurance Policies “Aging Out”
Recently, there have been several articles written in prominent newspapers and magazines that have addressed the phenomenon of some older life insurance policies “aging out” with the result being the policy owner ,who often has paid premiums for decades, not...
Taxation & Representation & Tax Tidbit, October 19, 2021
Tax Tidbit Democratic Patience Wearing Thin. Negotiations around the bipartisan infrastructure framework and the partisan budget reconciliation package continue, but little progress appears to have been made in recent weeks. Congressional Democrats and the Biden...
National Poll Results: What Biden Tax Policy Is Important To You?
Thank you to Russell Sullivan and the team at Brownstein Hyatt Farber Schreck, LLP for this report.We asked the question "What Biden Tax Policy Is Important To You?". President Biden has proposed two plans which would change tax policy, The American Jobs Plan and the...
PATG Supporters Attend Strategic Meetings in Washington, DC To Stop Historic Tax Increases
Last week, Policy and Taxation Group (PATG) Supporters met in Washington, DC to discuss the sweeping, historic tax increases that threaten generationally owned businesses built on hard work. It was clear from our meetings that this is a critical time in America and...
Taxation & Representation, October 5, 2021
Tax Tidbit Where In the Tax World Are Manchin and Sinema? The contents and scope of the Build Back Better Act—the budget reconciliation measure through which congressional Democrats are attempting to enact most of President Joe Biden’s “human infrastructure”...
Family Business Under Attack; What Budget Reconciliation Includes
Please read below and tell your member of the House and Senate what you think!!! You must do it now as a vote could happen soon. Protect your generationally owned family business and a lifetime of savings! Proposals included in the House Reconciliation Package that...
Webinar Replay: Introduction to Family Governance
Family Business owners plan their business as a legacy to their family, their employees, and the community. To sustain and grow that legacy, estate planning is critical. Please review the white paper below from BNY Mellon Wealth Management to learn some of those...
PATG Zoom on 9/22 Addressing Latest Tax Legislation – PATG Supporters Only
Policy and Taxation Group Supporters Zoom Meeting - September 22 at 9:30am EST To receive the Zoom information and to be invited, your membership with PATG needs to be paid and current. There is a link below to securely donate now. Please ignore this notice if you...
IMPORTANT NEWS: Ways and Means Propose tax increases on Family Business and High Income Individuals
Below is a summary of the relevant provisions in a proposal released Monday from Ways & Means; imposing tax increases for “high-income individuals.” The proposal does include increases in the individual and capital gains tax rates; a “sur charge” for individuals...
Estate Tax Projects Within the Treasury’s 2021-2022 Priority Guidance Plan
GIFTS AND ESTATES AND TRUSTS Final regulations establishing a user fee for estate tax closing letters. Proposed regulations were published on December 31, 2020. Final regulations under §§1014(f) and 6035 regarding basis consistency between estate and person acquiring...
Senator Wyden Released Legislation: “Significant Changes To The Taxation Of Partnership Distributions, Allocations, And Gain Recognition Rules”
We wanted to call your attention to draft legislation that Senators Ron Wyden and Sherrod Brown released today that would make significant changes to the taxation of partnership distributions, allocations, and gain recognition rules. The bill text is available via the...
Plan to Attend – Introduction to Family Governance Webinar
Thank you to Russell Sullivan and the team at Brownstein Hyatt Farber Schreck, LLP for this report.Family Business owners plan their business as a legacy to their family, their employees, and the community. To sustain and grow that legacy, estate planning is critical....
Family Businesses Face Pandemic Challenges and Legislative Concerns
By Patricia M. Soldano & Dawn S. Markowitz, published at wealthmanagement.com.Between January and March 2021, Family Enterprise USA (FEUSA) conducted its annual survey of family businesses in the United States (the FEUSA survey). FEUSA was also part of a...