Employee Ownership Should Advance Through Tax Simplification, Not New Carve-Outs
US Senator Ron Johnson used a keynote at the 2026 Employee Ownership Ideas Forum to argue that employee ownership belongs inside a broader effort to reduce capital concentration and put more productive assets in the hands of ordinary Americans. Johnson supported ESOPs when they reward workers who helped build a business, but warned against treating them as another narrow tax carve-out. His larger case was for a simpler tax code that taxes business income at the ownership level, preserves “wherewithal to pay,” and makes employee succession a more viable alternative to consolidation or private-equity sales.
The Aspen Institute·Jun 9, 2026·12 min read
