The Obama administration recently proposed closing a tax break on dividends paid out of employee-ownership plans a move attacked by the ESOP Association.

WSJ: Small Business Owners Cash Out, but Do Workers Gain?

"What we're seeing is demographics meeting good tax policies, " claims Michael Keeling, president of the ESOP Association, a Washington lobby group, referring to the growing number of firms owned by baby boomers that are converting to employee ownership.

WSJ: Small Business Owners Cash Out, but Do Workers Gain?