Supporters Update on Estate Tax; Time is of the Essence!
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Earlier this morning, the Senate voted 51-49 to pass its version of the Tax Cuts and Jobs Act, with Sen. Bob Corker (R-TN) being the lone Republican to vote against the bill (along with the all 48 Democrats. Though it … Read More

Full List of Conference Committee Members
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Both Republicans and Democrats Senate Republicans Finance Committee Chairman Orrin Hatch (R-UT) 202 224 5251; hatch.senate.gov Senator John Cornyn (R-TX) 202 224 2934; cornyn.senate.gov Senator John Thune (R-SD) 202 2242321; thune.senate.gov Senator Rob Portman (R-OH) 202 224 3353; portman.senate.gov Senator Tim Scott (R-SC) 202 224 6121; scott.senate.gov Senator Pat Toomey (R-PA) 202 224 4254; toomey.senate.gov Budget Committee Chairman Mike Enzi (R-WY) 202 224 3424; enzi.senate.gov Energy … Read More

Conference Committee Meets on Wednesday This Week
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Members Contact Info Below This will be a very important week, the Conference Committee meets Wednesday 12/13. I will be in DC, meeting with those members who we think can help get the most immediate and permanent estate tax relief … Read More

Estate Tax Is Hurdle For Minority American Business Owners
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BY HARRY ALFORD, OPINION CONTRIBUTOR – THE HILL – 12/08/17 12:00 PM EST ( THE VIEWS EXPRESSED BY CONTRIBUTORS ARE THEIR OWN AND NOT THE VIEW OF THE HILL) The estate tax creates an unfair situation for black-owned businesses, which … Read More

Tax Reform Qualitative Research Findings
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Frank Luntz and Luntz Global Partners November 15, 2017 Priorities are crystallizing. As the first year of President Trump’s administration nears its end, Congress has turned its attention away from the health care, regulatory, and judicial appointment battles of the … Read More

Soldano Is The Invisible Leader In Killing Estate Tax
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Braving Backlash, Patricia Soldano Of Anaheim Hills Is The Invisible Leader In Killing Estate Tax By DAVID WHITING | dwhiting@scng.com | Orange County Register PUBLISHED: November 10, 2017 at 4:44 pm UPDATED: November 13, 2017 at 4:02 pm Patricia Soldano … Read More

UPDATE: Senate Markup Bill
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House Ways and Means Committee Votes to Phase Out the Death Tax by 2024; Senate Finance Committee Proposes to Double the Exclusion Yesterday, the House Ways and Means Committee voted along party lines to pass their tax reform bill which … Read More

House Ways and Means Committee Markup of H.R. 1
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Fourth and Final Report: House Ways and Means Committee Markup of H.R. 1, Tax Cuts and Jobs Act As we await the release of the Senate’s “conceptual draft,” we wanted to report on progress in the House. Following a four … Read More

WATCH: The Estate Tax: The Politics of It All
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Policy and Taxation Group, a 501(c)(4) organization, 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 … Read More

House to Release Tax Bill Text
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House Said to Release Tax Bill Text Next Week By Laura Davison The House Ways and Means Committee is scheduled to release a tax bill the week of Oct. 30, according to two tax lobbyists who spoke with House GOP … Read More

Revenue Analysis of Options to Reform the Federal Estate, Gift and Generation Skipping Transfer Taxes
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Quantria Strategies; Final report September 2017 Revenue Analysis of Options to Reform the Federal Estate, Gift and Generation Skipping Transfer Taxes Executive Summary Our federal transfer tax system has three related components: the estate tax, a gift tax and a … Read More

Shutting Down Branches, Laying Off Workers, Or Liquidating Inventory
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In 1973, Karen Madonia’s father purchased Illco, a Chicago-based distributor of parts and supplies for heating, ventilation, air conditioning, and refrigeration equipment. Although the company now has 97 employees in 3 different states and generates $42 million in revenue, Illco … Read More

Investments At Risk If The Tax Exemption Is Reduced
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When Tom and Leslyn Jacobs first got married, buying land was simply a dream. Indeed, they were both young foresters saddled with college loans and old vehicles. However, in 1984, their dream became a reality when they received a $40,000 … Read More

Sacrificing Land To Pay The Death Tax
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Just outside Nashville, Brandon Whitt operates Batey Farms with his wife, Katherine, and father-in-law, who owns the property. Established in 1807 from a Revolutionary War land grant for military service, this seventh-generation family business provides over 65,000 customers each year … Read More

Selling Everything To Pay Estate Tax
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The Page Family began farming in the 1880s, when Jeff Page’s great-grandfather purchased 50 acres of land in Napa Valley to grow orchard fruit and raise cattle, sheep, and turkeys. As a firm believer in land investment, Mr. Page’s great-grandfather … Read More

Death Tax Forced Lay Off Of Seasonal Workers
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Seventh-generation cattleman Bob McKnight has faced the death tax on multiple occasions, with effects that have been exacerbated by dramatic wildfires and drought. For many farm owners, this has meant the liquidation of cattle herds or entire operations. For Mr. … Read More

Estate Tax Causes In-ability To Contribute Clean Water, Clean Air, And Wildlife Habitat
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Tom Crowder’s grandfather had a passion for the outdoors and sustainability. This was reflected in the 6,000 acres of pines, bottomland hardwoods, and wildlife occupying his forest in south central Arkansas. However, counter-intuitively, his grandfather took such good care of … Read More

Estate Tax Will Be Impossible To Pay Off Forcing Sale
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In 2005, Elizabeth Marshall Maybee inherited a 3000-acre Northern California ranch from her grandmother that had been in the family since the 1880s. However, “the Marshall Ranch, which survived the Great Depression and survived a case of eminent domain for … Read More

Revenue Analysis Of Options To Reform The Estate Tax
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Revenue Analysis Of Options To Reform The Estate Tax, Gift tax And Generation Skipping Transfer Tax Our federal transfer tax system has three related components: The estate tax, a gift tax and a generation-skipping transfer tax. For much of its … Read More

Summary of PATG Supporters Meeting
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By Brandon Roman of Squire Patton Boggs Law Firm Last week, the Policy and Taxation Group held its annual Supporters Dinner and Meeting, during which we had the opportunity to hear from Members of Congress, congressional staff l, and industry … Read More

We’re Pleased That The President’s Tax Reform Framework Includes Repeal Of The Death Tax!
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Earlier today, the White House, House Ways and Means Committee, and Senate Finance Committee released their highly-anticipated “unified framework” for tax reform, which calls for elimination of the death tax and its principal components. While the framework is lacking in … Read More

Family Businesses Survey Reveals Strengths, Challenges Ahead
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New Survey of Family Businesses Reveals Strengths and Challenges Ahead Family business are key drivers of economic development, but taxes and regulations hinder growth A new survey finds that family businesses across America, while optimistic about growth in 2017, continue … Read More

2017 FEUSA Survey Final Report
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View and Download The 2017 FEUSA Family Business Survey View and Download The 2017 FEUSA Family Business Survey

1000 Voter Survey Results
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Luntz Global Partners and the Policy and Taxation Group conducted a post-election, nationwide survey of 1,000 voters gauging their attitudes, priorities, and concerns about tax policy. Below are the key findings from our research. KEY FINDINGS Americans support repealing the … Read More

Family Firms Are More Innovative Than Other Companies
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Family firms aren’t typically thought of as particularly innovative. More often, they’re viewed as risk averse, traditional, and stagnant. However, many family-owned businesses are among the most innovative in their industries. Consider Herr’s Potato Chips and Enterprise Rent-A-Car. There are countless … Read More

Oral Testimony To The IRS, US Department of Treasury
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Oral Testimony to the Internal Revenue Service, US Department of Treasury Section 2704 of IRS Regulations Mike Hamra December 1, 2016 Background: On August 4, 2016, the IRS proposed regulations concerning the valuation of interests in corporations and partnerships for … Read More

State Death Tax Chart – Revised October 24, 2016
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Policy and Taxation Group State Death Tax Chart This chart is maintained for the Policy and Taxation Group Website and is updated regularly.

Thousands Ask Treasury To Kill Estate Transfer Proposal
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Our voices have been heard! See below for an article on the sizable number of businesses and trade groups that have signed on to the letter against the proposed regulations under Section 2704. Thousands Ask Treasury To Kill Estate Transfer … Read More

Family-Sponsored Ventures
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The Entrepreneurial Advantage Of Nations: First Annual Global Entrepreneurship Symposium Family-sponsored business ventures – those owned and managed by families or groups of relatives — dominate the economic landscape of the world, simultaneously fostering economic growth and social stability. Because … Read More

Family Businesses’ Contribution to the U.S. Economy
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Family Businesses’ Contribution to the U.S. Economy:  A Closer  Look In 1995, we were commissioned to conduct research on the impact of family businesses on the U.S. economy. A search of all relevant research led to the conclusion that the … Read More

Family Businesses’ Contribution to the US Economy
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Myths and Realities: Family Businesses’ Contribution to the US Economy — A Framework for Assessing Family Business Statistics This article presents a framework for assessing commonly accepted family business statistics, based on the criteria used to define a family business. … Read More

2015 Annual Family Business Survey
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Download the Full 2015 Annual Family Business Survey Report

FEUSA Annual Survey Of Family Firms
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Download FEUSA Annual Survey Of Family Firms Report

Business Structure and Impact on Family Firms Tax Liability
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Download Business Structure and Impact on Family Firms Tax Liability Report

What’s Ahead For Family Firms And The Estate Tax
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Download the What’s Ahead For Family Firms And The Estate Tax Report

Family Firm Values Drive Policy Preferences
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In order to understand what is most troubling to family firms, survey respondents were asked to rank the importance of various public policy issues. The issue that got the strongest response was “reducing the deficit and debt.” Successful family firms … Read More

Government Policy and Uncertainty Causing More Anxiety
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Last year, 82% of FEUSA survey respondents said that external factors were a greater threat to the future of their family business. This year that figure has grown to 91%. This indicates an even more heightened sensitivity to the role … Read More

More Sales in 2013, Less Hiring
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FEUSA’s survey measures basic attitudes toward business growth looking at trends over time. Actual data from 2011 and 2012 along with projections for 2013 show growing confidence in family firms’ ability to increase revenue on a year-to-year basis. But, while … Read More