Your high level roadmap to the 2020 congressional and gubernatorial elections.
The ESOP Association
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In the midst of the pandemic, companies that are owned by their employees are dramatically outperforming other firms in such key areas as securing employees’ jobs, and maintaining work hours, salary, and workplace health and safety.Read the key findings >
October 27, 2020, Ways and Means Committee Chairman Richard E. Neal (D-MA) and Ranking Member Kevin Brady (R-TX), both ESOP Champions, introduced the Securing a Strong Retirement Act of 2020. This bipartisan legislation seeks to help Americans successfully save for a secure retirement.
The latest election data from The ESOP Association including:
- An Elections Dashboard with detailed election breakdown.
- A High Level Trends document.
Todd Bransky
Folience
Minnesota/Dakotas
Becky Streff
Iowa/Nebraska Chapter
Marcus Piquet
Ambrose Advisors
Daniel Goldstein
Folience
Economist Jared Bernstein has been selected to serve on by President-Elect Joseph Biden’s Council of Economic Advisors. Bernstein previously served as the chief economist to Biden during his tenure as Vice President in the Obama Administration. For ESOP companies, the move is particularly good news because Bernstein is very familiar with ESOPs and the benefits they provide.
The ESOP Association and the Employee Ownership Foundation are now located in our new headquarters!
WASHINGTON – The Treasury Department and the Internal Revenue Service issued guidance today allowing deductions for the payments of eligible expenses when such payments would result (or be expected to result) in the forgiveness of a loan (covered loan) under the Paycheck Protection Program (PPP).
The ESOP Association congratulates Boston Mayor Marty Walsh on his reported nomination to the position of Secretary of Labor. Mayor Walsh has a history of engaging ESOP companies and encouraging employee ownership, and if he is confirmed, The Association looks forward to working with him and the Biden Administration to advance employee ownership.
We are encouraged by news reports that President-elect Joseph Biden will nominate Isabel Guzman to lead the Small Business Administration (SBA). As the head of California’s Office of the Small Business Advocate, Guzman has gone on the record stating the important role ESOPs play in helping our nation retain millions of businesses that might otherwise close when their Baby Boomer owners retire—as many are expected to do in the next eight years.