Senate Finance Committee member Pat Robers, R-Kan, stated that employee stock ownership plans (ESOPs) are fairly safe from tax reform. He noted that people do not want to change a program that has been so successful. Further, a bipartisan group introduced the Promotion and Expansion of Private Employee Ownership Act of 2014 which plans to spur the expansion of ESOPs.
See Matthew R. Madara, “ESOPs Safe From Tax Reform For Now, Lawmakers Say,” 2014 Tax Notes Today 117-6 (June 17, 2014).
Posted by David Song, Associate Editor, Wealth Strategies Journal