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On Capitol Hill, Accountability and Accomplishments Matter More Now Than Ever
Fighting the good fight is a forward-looking enterprise, but sometimes it’s worth taking a breather, taking a long look back, and celebrating, if briefly, our wins.
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The biggest of big recent wins was the formation late last year of the bipartisan Congressional Family Business Caucus. For the first time ever, family businesses have a voice on Capitol Hill. If nothing else this caucus will let our leaders know how strong family enterprises are in this country.
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When I speak with members of Congress, they are nearly always floored when I tell them family businesses are the largest private employers in the U.S. Their response is: “Really?”
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Family businesses of all shapes and sizes, first generation to tenth generation, make up nearly 60 percent of the private work force and contribute annually $7.7 trillion...(continue reading)
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Pat Soldano is president of Family Enterprise USA and Policy and Taxation Group. Both organizations are fighting for families and family businesses by reducing or eliminating unnecessary taxes and government regulation.
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About Policy and Taxation Group
Policy and Taxation Group is the leading information, education and advocacy organization working for the reduction and ultimate elimination of estate, gift, and generation skipping transfer taxes, and other taxes that punish hard work and success. Our Mission is to challenge hostile tax policies that meaningfully and measurably impact families and limit the ability of family businesses to remain family owned. We work with Congress in Washington DC against high Income Tax Rates, possible elimination of Valuation Discounts, increase in Capital Gains Tax, enactment of a Wealth Tax, and the continued burden of the Estate Tax (death tax), and the possible elimination of Step up in Basis.
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