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2021 FEUSA Family Business Survey Highlights Estate Tax As The #1 Economic Public Policy Priority Issue For Family Businesses
Washington DC, May 9, 2021: Family Enterprise USA, releases results of FEUSA 2021 Family Business Survey revealing that while Income Tax is the number one Tax Concern for family businesses, Estate Tax (Death Tx) is their number one Economic Public Policy Priority.
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In line with the goal of supporting the growth of family businesses in the US, FEUSA conducts an annual survey of family businesses to reveal the challenges they face, the status of the businesses, how they plan for the future and how they can grow. In a related development, FEUSA recently published the results of their 2021 survey.
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A total of 172 responses were collected for the survey, which was conducted between January 6, 2021, and March 31st, 2021, amid the Covid-19 pandemic. The survey aims to highlight the challenges faced by businesses, especially in the wake of the health crisis while also revealing how family-owned businesses across different industries faired even as the pandemic continues to ravage the US and other parts of the world.
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“Family Businesses have struggled in 2020 and 2021 to survive the pandemic, but most kept people employed, supported their communities and protected employees by adopting remote working and providing benefits. While 58% had a decline in revenue in 2020, 85% expect to have an increase in 2021”, said Pat Soldano, President of FEUSA.
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About Policy and Taxation Group
Policy and Taxation Group is your voice in Washington on economic freedom. We advocate for policies that allow American families to fully enjoy the economic liberties and benefits of a robust free market unique to our nation. For over 25 years, we have been the loudest voice in the nation’s capital on eliminating the death tax. This ill-conceived tax has a destructive impact on families, family businesses, job creation, and the national economy.
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