Supporting Family Businesses Through Pro-Growth Tax Reform

The Family Business Coalition (FBC) has issued a letter to Speaker Mike Johnson and other House Republican leaders urging them to make the Tax Cuts and Jobs Act (TCJA) permanent and resist any efforts to raise taxes on U.S. businesses. In the letter, FBC Chairman Palmer Schoening highlights the economic benefits that family-owned businesses experienced under TCJA, including investment, job creation, and community support. These businesses, which form the backbone of the American economy, operate on narrow margins and rely heavily on predictable and fair tax policies to thrive.

The FBC also warns against specific proposals that would reverse key tax benefits—like limiting deductions for state and local taxes (C-SALT) and raising the top marginal income tax rate—which would hit small and pass-through businesses hardest. The coalition emphasizes that such moves would dampen private sector growth and undermine recent economic progress. To read the full letter and see the coalition’s full message to Congress, click here.

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