You can never have too many friends in Congress. Politics is inherently changeable, and while it may seem that members of Congress have a job for life, in every session many are replaced—sometimes unexpectedly.
Some announce their retirement while others are defeated in primaries or elections. Some resign for health concerns and some leave for other factors entirely. Whatever the reason, a significant number of elected officials don’t return the following session.
The ESOP Association
ESOP Association Resources
Chapter News, Resource
Jul. 31
Legislative meetings at Annual Conference; legislation update; legislative handouts.
548
Resource, ESOP Report, Legal Update, Ownership Advantage, Washington Report, President's Page, ESOP PAC, Former Employee
Jul. 01
The ESOP Association takes ESOP advocacy overseas.
311
Oct. 22
Building upon the 1984 law, the Tax Reform Act of 1986 strengthens tax incentives for ESOPs. Deductibility of dividends on ESOP stock paid to plan participants AND deductibility of dividends used to pay debt are included in the landmark bill which overhauled the U.S. tax code.
356