Saving America’s Family Enterprises (SAFE) was founded in 2021 and is a nonprofit, nonpartisan, educational organization advocating against tax proposals that complicate the tax code, encourage tax avoidance, or harm small businesses, family farmers, homeowners, and the middle class.
SAFE is not an anti-tax organization. Instead, SAFE believes in genuine accountability, and that wealthy Americans should pay the taxes they owe. The creation of new, complex taxes introduces complicated loopholes that benefit the wealthy, their lawyers, and accountants, further shifting the burden of paying the government’s bills to middle-income taxpayers. The tax code must support the prosperity of the middle class, small businesses, and family farms, so they are not burdened by paying more than their fair share.
During the last Congress, SAFE, a nonpartisan, nonprofit organization, successfully worked to educate voters nationwide about the STEP Act (a bill to eliminate the stepped-up basis provision in the federal tax code) and its negative consequences for farmers, family businesses, and parents who want to pass what they worked so hard to build in their lifetime onto their loved ones.
The STEP Act would have dramatically changed the way capital gains are assessed and taxed at the time of death – including the value of family farms, homes, and small businesses. Eliminating stepped-up basis and requiring heirs to pay a substantial capital gains tax at the time of inheritance, would have unraveled a system that has allowed generations of Americans to pass down what they built over their lifetimes. The STEP Act proposed a double tax that would have devastated middle-class families. And voters agreed. SAFE conducted a nationwide, online survey of likely voters about their opinions of the STEP Act, and learned that a majority of voters, regardless of political party, believe the wealthiest families will find loopholes to avoid new tax proposals like the STEP Act, while middle-class families and small businesses will face massive new tax bills.
“The organization is announcing an initial six-figure paid media campaign and polling data showing that 85 percent of all voters agree that new transfer taxes will affect middle-class families the most.”