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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.
Members of Congress have returned to their home states and districts for the final weeks of the 2024 campaign with future control of Congress still up for grabs.
Pivotal House and Senate races across the country will determine whether former President Trump or Vice President Harris will preside over a unified or divided government, influencing the policy landscape for years to come.
Meanwhile, Sen. J.D. Vance (R-OH) and Gov. Tim Walz (D-MN) are set to square off in the first vice presidential debate of the election cycle, battling for key momentum entering the last month of the 2024 contest, with the Democratic ticket leading by slim margins in most national polls.
With just five weeks until Election Day, “Elections Edge” delivers a weekly snapshot of key campaign developments, updated forecasts for the White House, Senate and House races, as well as the critical races that will likely tip the balance of power in 2025.
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The need for fact-based reporting of issues important to multi generational businesses and protecting a lifetime of savings has never been greater. Now more than ever, multi generational businesses and family businesses are under fire. That’s why Family Enterprise USA is passionately working to increase the awareness of issues important to generationally-owned family businesses built on hard work, while continuing to strengthen our presence on Capitol Hill. The issues we fight for or against with Congress in Washington DC include 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 gift tax , estate tax and generation skipping tax .
Family Enterprise USA promotes generationally owned family business creation, growth, viability, and sustainability by advocating for family businesses and their lifetime of savings with Congress in Washington DC. Since 2007, Family Enterprise USA has represented and celebrated all sizes, professions and industries of family-owned enterprises and multi-generational employers. It is a bi-partisan 501.c3 organization. Family foundations can donate.
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The post Elections Edge: A 2024 Elections Weekly Snapshot. September 2024 appeared first on Family Enterprise USA .
Family Enterprise USA is the organization that represents all family businesses on a national level in DC; it is not unique to any industry. Family Enterprise USA is different from other organizations because it represents and advocates for the families of family businesses and the issues, they face running their businesses every day. Our sole mission and purpose is to promote family businesses and their job growth in America. We also support the work of Family Business Centers across the country. We hope your family will choose to be a member of Family Enterprise USA.