Month: November 2017

House Passes the Tax Cuts and Jobs Act

Earlier today the House passed the Tax Cuts and Jobs Act, H.R. 1, paving the way for the permanent repeal of the estate tax and enacting several long-awaited, pro-business reforms to our tax code. Full repeal of the estate tax has been the primary goal of FBC since the organization was founded in 2012. Repeal legislation gained 218 cosponsors in both the 112th and 113th Congress and passed the House in 2015. Today, 150 of our partner organizations can celebrate estate tax repeal in comprehensive tax reform, which passed with a vote of…continue reading →

Family Business Coalition Supports House Tax Reform Bill

Legislation will help family business owners and farmers grow and create jobs WASHINGTON, DC: November 2, 2017:  Today, Republican leaders in Congress unveiled The Tax Cuts & Jobs Act, which simplifies the tax system and reduces the tax burden on small businesses. These important changes will unleash small business growth, increase wages, and create jobs. “The Tax Cuts & Jobs Act combines historic middle-class tax relief with bold pro-growth tax cuts for small businesses,” said Family Business Coalition Chairman Palmer Schoening. “Permanent death tax repeal removes a crushing burden from the backs of…continue reading →