Support Employee Stock Ownership Plans, because they are Good for Our Economy!

Reconsider the proposed 2014 budget which sets the framework to repeal all ESOP tax benefits. The current position appears to be that ESOPs are not beneficial to employees or their companies with more than $5MM in revenue per year. Since becoming an ESOP in 2010, our company is now stronger, more productive, and more profitable than it was previously. The alternative may have been a company sold, which would have taken years to rebuild and jobs would have been lost. The establishment of our ESOP has stimulated employee participation and productivity. ESOPs are well known to be contributors to solid, sustainable employment, which tends to weather hard economic times and actually stengthens the economy. There is now bi-partisan support in favor of ESOPs in Congress. Please follow their lead.