PKF O'Connor Davies Accountants and Advisors
PKF O'Connor Davies Accountants and Advisors

Webinar Replay: Safeguarding Family Wealth and Navigating Legislative Challenges

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May 30, 2025

Family-owned businesses are facing increased complexity as tax policies and legislative priorities shift ahead of 2025. Watch this webinar as our speakers from Family Enterprise USA share insights from the 2025 Family Business Survey and offer guidance on how family enterprises can prepare for what’s ahead.

Webinar Replay Here

The presentation covered:

  • Highlights from the 2025 Family Enterprise USA Annual Survey of Family Businesses
  • Update on the Congressional Family Business Caucus
  • Results from Frank Luntz’s Voter Survey
  • Advocacy priorities of Family Enterprise USA and the Policy & Taxation Group
  • A current political and legislative outlook

 Key Takeaways:

  • Family-owned businesses drive 59% of the private sector workforce and contribute 54% of U.S. GDP (~$8 trillion).
  • 80% are structured as “pass-through” entities, making income tax a central policy issue.
  • These businesses are deeply rooted in their communities—90% offer competitive wages/benefits and 70% direct 60% or more of their charitable giving locally.
  • Top concerns: Income tax (tax policy) and the budget deficit (economic policy).
    • Voter sentiment: Strong support for a wealth tax (DEM 81%, GOP 52%); Strong opposition to the estate/death tax (DEM 60%, GOP 71%)
  • Trump’s proposed tax policies include:
    • Extending TCJA provisions and estate exemption
    • Continuing deductions for pass-through entities (199A)
    • Modifying SALT deduction
    • Reinstating 100% bonus depreciation and R&D expensing
    • Maintaining current capital gains rates
  • Extending TCJA provisions would cost an estimated $4 trillion over 10 years.

Featured Speakers:
Family Enterprise USA
Pat Soldano, President, Family Enterprise USA
Russ Sullivan, Chair, National Tax Policy Group
John Gugliada, Director of Strategic Partnerships & Business Development

Host:
PKF O’Connor Davies
Cynthia Adams Harrison, Ed.D., LICSW, Managing Director, Center for Private Business Owners