FOR IMMEDIATE RELEASE
August 12, 2022
The ESOP Association Statement on Final Passage of Inflation Reduction Act
Today, the U.S. House of Representatives passed the Inflation Reduction Act (HR 5376). It will now advance to President Biden and is expected to be signed into law in the next ten days.
The ESOP Association
ESOP Association Resources
Aug. 08
FOR IMMEDIATE RELEASE
August 8, 2022
The ESOP Association Hails Senate Passage of Critical Provisions in Reconciliation Bill
The Senate-passed reconciliation bill in Congress, titled the Inflation Reduction Act (H.R. 5376), includes language promoted by The ESOP Association to protect employee stock ownership plans from new excise taxes on stock repurchases. This provision potentially paves the way for a tremendous financial incentive to form employee stock ownership plans.
August 8, 2022
The ESOP Association Hails Senate Passage of Critical Provisions in Reconciliation Bill
The Senate-passed reconciliation bill in Congress, titled the Inflation Reduction Act (H.R. 5376), includes language promoted by The ESOP Association to protect employee stock ownership plans from new excise taxes on stock repurchases. This provision potentially paves the way for a tremendous financial incentive to form employee stock ownership plans.
Jul. 21
Ted Becker Wins Lifetime Service Award
Washington, DC, July 19, 2021 – Theodore “Ted” Becker, Partner at McDermott Will & Emery in Chicago, has been awarded the ESOP community’s highest honor, The 2021 Lifetime Service Award. The Lifetime Service Award honors individuals who have made a significant, long-term contribution to employee ownership and the ESOP community.
Washington, DC, July 19, 2021 – Theodore “Ted” Becker, Partner at McDermott Will & Emery in Chicago, has been awarded the ESOP community’s highest honor, The 2021 Lifetime Service Award. The Lifetime Service Award honors individuals who have made a significant, long-term contribution to employee ownership and the ESOP community.
Jul. 21
This article provides an overview of the various options for employee ownership.
Jul. 02
Washington, DC, June 21, 2021 - Jessica Molnar, Intern Architect at Wiley|Wilson, based in Lynchburg, VA has been named The ESOP Association’s 2021 Employee Owner of the Year. This award recognizes a non-management employee owner who provides a positive influence in the company and participates in the company’s employee ownership activities and the activities of The ESOP Association (TEA). It is one of the highest honors that TEA bestows.
Jul. 02
Washington, DC, June 21, 2021 - Recology, a resource recovery ESOP company based in San Francisco, CA, has won The ESOP Association’s highest corporate honor—the ESOP Company of the Year Award. The award honors a company that actively participates in the employee ownership community and that demonstrates a dedication to The ESOP Association’s vision of employee participation, wealth creation, and individual dignity and worth.
ESOP Blog, Resource
Feb. 28
In this, our final installment on common criticisms of ESOPs—and why they are wrong—we’ll look at the assertion that ESOPs are not real ownership.
According to cynics, ESOPs are “fake” ownership plans. In “real” ownership, they argue, the owners control their assets by determining such things as who runs the company, who sits on the Board of Directors, when major corporate decisions are made that might impact the future of the company, and so on.
But ESOPs are true ownership.
According to cynics, ESOPs are “fake” ownership plans. In “real” ownership, they argue, the owners control their assets by determining such things as who runs the company, who sits on the Board of Directors, when major corporate decisions are made that might impact the future of the company, and so on.
But ESOPs are true ownership.
ESOP Blog, Resource
Feb. 14
I often hear three criticisms about ESOPs: The second criticism is that ESOPs are a waste of taxpayers’ money.
Cynics say the tax breaks provided to ESOPs are money losers because the majority of American taxpayers pay higher rates to make up for the cost of ESOP tax benefits.
But anyone who says that must not have done very well in elementary school when they learned basic math. ESOPs offer great returns on tax incentives.
Cynics say the tax breaks provided to ESOPs are money losers because the majority of American taxpayers pay higher rates to make up for the cost of ESOP tax benefits.
But anyone who says that must not have done very well in elementary school when they learned basic math. ESOPs offer great returns on tax incentives.