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[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H. Con. Res. 6 Introduced in House (IH)]

103d CONGRESS
  1st Session
H. CON. RES. 6

Expressing the sense of the Congress that increasing the effective rate 
   of taxation by lowering the estate tax exemption would devastate 
 homeowners, farmers and small business owners, further hindering the 
                 creation of jobs and economic growth.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                            January 5, 1993

Mr. Ramstad (for himself, Mr. Allard, Mr. Goss, Mr. Burton, Mr. Leach, 
   Mr. Sisisky, Mr. Emerson, Mr. Wolf, Mr. Ewing, Mr. Schaefer, Mr. 
 Gingrich, Mr. Bereuter, Mr. Porter, Mr. Gordon, Mr. Rohrabacher, Mr. 
Kyl, Mr. Smith of Oregon, Mr. Camp, Mr. Shays, Mr. Gillmor, Mr. Coble, 
     Mr. Herger, Mr. Oxley, Mr. Thomas of Wyoming, Mr. Bliley, Mr. 
Knollenberg, Mr. Bunning, Mr. Hancock, Mr. Smith of Texas, Mr. Darden, 
 Mr. Bartlett, Mrs. Meyers of Kansas, Mr. Cox, Mr. Walker, Mr. Grams, 
Mr. Fawell, Mr. Taylor of North Carolina, Mr. Hunter, Mr. Ravenel, Mr. 
   Zeliff, Mr. Gallegly, Mr. Lightfoot, Mr. Skeen, Mr. Combest, Mr. 
   Parker, Mr. Doolittle, Mr. Dornan, Mr. Livingston, Mr. Barrett of 
  Nebraska, Mr. Poshard, Mr. Kolbe, Mr. McMillan, Mr. McCollum, Mrs. 
Bentley, Mr. Archer, Mr. Clinger, Mr. Gilchrest, Mr. McDade, Mr. Walsh, 
    Mr. Packard, Mr. Hyde, Mr. Baker of Louisiana, Mr. Roberts, Mr. 
  Moorhead, Mr. Lewis of California, Mr. Solomon, Mr. Crapo, Mr. Sam 
Johnson of Texas, Mr. Barton, Mr. Gekas, Mrs. Roukema, Mr. McCrery, Mr. 
  Stump, and Mr. Young of Alaska) submitted the following concurrent 
   resolution; which was referred to the Committee on Ways and Means

_______________________________________________________________________

                         CONCURRENT RESOLUTION

 
Expressing the sense of the Congress that increasing the effective rate 
   of taxation by lowering the estate tax exemption would devastate 
 homeowners, farmers and small business owners, further hindering the 
                 creation of jobs and economic growth.

Whereas the average savings rate in the United States (2.9 percent of income) is 
        lower than that of any other industrialized country;
Whereas government taxation of estates, which is the accumulation of assets 
        throughout one's lifetime, discourages individuals and families from 
        saving and investing;
Whereas estates often include the small businesses and farms of middle- and low-
        income Americans;
Whereas small businesses and farms have historically created most of the net new 
        jobs in this country and fueled the growth of the economy generally;
Whereas recently proposed legislation would decrease the threshold for estate 
        tax exemption to $200,000;
Whereas decreasing such threshold would raise effective estate tax rates to a 
        level so high that the heirs of homeowners, farmers and small business 
        owners with assets over $200,000 could be forced to liquidate their 
        assets to pay the taxes incurred by the proposed change in the tax law; 
        and
Whereas liquidation of productive assets to finance tax liabilities would 
        destroy jobs and further harm the fragile economy: Now, therefore, be it
    Resolved by the House of Representatives (the Senate concurring), 
That the Congress opposes any attempt to lower the estate tax exemption 
or raise the effective rate of taxes on estates because such measures 
contradict the fundamental goal of the United States Government of 
encouraging long-term private saving through which productive 
investment that promotes economic growth can be realized.

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