Author: Palmer Schoening

Supporting Family Businesses Through Pro-Growth Tax Reform

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…continue reading →

Over 150 organizations join FBC letter supporting House bill

Last week, Representatives Randy Feenstra (R-IA) and Sanford Bishop (D-GA) introduced the Death Tax Repeal Act companion bill in the House with over 160 original cosponsors. See their press release here. This number of original cosponsors already eclipses the total cosponsors from last Congress. FBC is looking forward and gearing up for a major tax reform bill next year which will certainly address the estate tax. We will be continuing to promote both the House and Senate bills in order to build as much momentum as possible moving towards the next tax reform effort in 2025.  FBC reached a new high water mark this…continue reading →