Dear [Representative] [Senator] _____:
The President’s Advisory Commission on Tax Reform has recommended that employee ownership through employee stock ownership plans, or ESOPs, be eliminated.
Such a recommendation is shocking, and flies in the face of thirty plus years of bi-partisan Congressional support of broadened ownership through ESOPs.
Should the Treasury Department accept the Commission’s recommendation there be no more employee ownership through ESOPs, [we] [I] urge you to reject any such recommendation when, and if, it is considered by Congress.
And unlike the Commission’s failure to give a hearing to ownership issues in the United States, we respectfully ask to be heard on the positive record ESOPs have established if the Congress and its committees have hearings on this proposal to stymie employee ownership.
Finally, [we] [I] respectfully ask that you express opposition to this unexpected attack on employee ownership through ESOPs.
Your consideration is appreciated.
[Company official] [Employee owners]
If you need additional information on your Member of Congress, go to www.esopassociation.org, click on the Government Affairs link on the homepage and then the Capitol Links button on the left side of the page. On the Capitol Links page you will find links to the U.S. House of Representatives and the U.S. Senate, which will direct you to your Member of Congress and your Senators. If you have questions, please call The ESOP Association.