In a recent post on The Hill’s Congress Blog, Congressman Ron Kind (D-WI) and Erik Paulsen (R-MN) spoke about tax reform, the call to protect American businesses, and the need to promote S corporation ESOPs as a way for individuals to save for retirement.
Citing a recent study by Alex Brill, a scholar at the American Enterprise Institute and former adviser to the Simpson-Bowles Commission, Congressmen Kind and Paulsen talked about how ESOP companies are helping to create jobs and the need to encourage growth of these companies.
If you would like to read the study by Alex Brill, An Analysis of the Benefits S ESOPs Provide the U.S. Economy and Workforce, you can find it here.
The study was funded by ESCA (Employee-Owned S Corporations of America). ESCA is a Washington based group of privately held companies of all sizes that work to preserve the S corporation ESOP structure.