Congressional Family Business Caucus Expands Membership Amid Wealth Tax Concerns
The Congressional Family Business Caucus, co-chaired by Representative Lou Correa (D-CA) and Representative Claudia Tenney (R-NY), is expanding its membership as it addresses issues pertinent to family businesses. The caucus, which now includes 47 members, is focused on advocating for the interests of family businesses, particularly in light of growing discussions around wealth taxes. Three new members joined over the summer, including Representatives Young Kim (R-CA), John McGuire (R-VA), and Rick Allen (R-GA), all of whom are committed to fostering a healthy economy and supporting American jobs. The caucus aims to provide family businesses with a stronger voice on Capitol Hill, especially as wealth taxes gain traction in states like California.