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Congress and Our New Voice
We are getting very close.
As you know we have been working very hard behind the scenes with Congress to finally embrace the importance of family businesses. Our goal is to give family businesses a louder, more prominent voice on Capitol Hill. And it is happening.
In meetings with Members of Congress, with their staffers, and influencers of all stripes, we have been working to create a bipartisan, bicameral Congressional Family Business Caucus and it’s working.
Having just spent a week in our nation’s Capital and knowing how things grind on much longer than we like, I can say with some confidence that there are now Members of Congress who have stepped up to be co-chairs of the Caucus, both Democrats and Republicans in the House. There is still work to be done in the Senate, but some are taking a “wait and see” who joins stance. In the end, we will win them over. Family Businesses are just too important to ignore.
Why do we need a Congressional Family Business Caucus?
Because we have learned after many, many meetings with Members of Congress, discussions with voters, and with communication with the media, that none of them really understand what family businesses are, how they dramatically impact the US economy, let alone the social good they do for the fabric of our local communities.
We expect to help Congress hold Caucus events at which family businesses will come to The Hill to tell their family business stories, as well as learn from our research and survey work how important family businesses are to US economy. The Caucus will be a key focal point for education and awareness building on and for all topics related to family businesses. Simply, in DC, the voice of family business will be louder and better, and Congress will listen.
I will be talking more about this new Caucus and the mid-term election results with Brandon Roman, of the law firm Squire Patton Boggs, in next month’s “The Voice of Family Business on Capitol Hill,” our new podcast series.
Brandon and the team at Squire have been instrumental in pulling this Caucus together. Brandon has the inside story on the important agenda of this new voice and, as a bonus, we will analyze the winning and losing issues, candidates, and parties from the mid-terms.
Listen for it and sign up for the podcast by going to wherever you get your podcasts, or go to Spotify at https://open.spotify.com/show/73pcpIL2NfPi11WG0FZdyX?si=xIww0QSoS_OHMdOeR9qXhw
Family Enterprise USA Family Enterprise USA promotes family business and job creation, growth, viability, and sustainability by advocating for family businesses, their lifetime of savings, and the issues they face running their businesses every day. The issues we fight for or against with Congress in Washington DC are 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 with the possible elimination of Step up in Basis. Family Enterprise USA represents and celebrates all sizes, and industries of family businesses and multi-generational employers.
Family Enterprise USA is a 501(c)(3) non-profit organization. Family foundations can donate.
We hope you’ve enjoyed this article. While you’re here, we have a small favor to ask…
As we prepare for what promises to be a pivotal year for America, we’re asking you to consider becoming a member.
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 are 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 with the possible elimination of Step up in Basis.
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