The Family Business Coalition (FBC) is a diverse collection of organizations and industry groups united for the common purpose of protecting America's family businesses across the country. The group meets monthly to connect top decision makers from Capitol Hill with family business coalition partners, family business owners, and state-based allies. The coalition is the voice of America's main economic engine - family businesses - working together towards a better business climate that promotes private business expansion and job growth. A key issue for this group is preserving business related tax cuts from the 2017 Tax Cut and Jobs Act.
In recent testimony before the House Ways and Means Committee FBC called for continuation of the 20% pass through deduction for small businesses which puts these entities on an equal footing with large corporations. The group also called for an expansion of the provision allowing the full cost of purchasing new equipment to be expensed in one year rather than depreciated over many years. FBC also called for full elimination of the Death tax pointing out its negative impact on small businesses and families. The committee was urged to include these provisions in the legislation it crafts as part of the budget recission process.