IV
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 home-
owners, farmers and small business owners, further hindering the cre-
ation 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. SCHAE-
FER, 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. HAN-
COCK, Mr. SMITH of Texas, Mr. DARDEN, Mr. BARTLETT, Mrs. MEYERS
of Kansas, Mr. COX, Mr. WALKER, Mr. GRAMS, Mr. FAWELL, Mr. TAY-
LOR 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 Ne-
braska, 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 Louisi-
ana, Mr. ROBERTS, Mr. MOORHEAD, Mr. LEWIS of California, Mr. SOLO-
MON, 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 ex-
emption would devastate homeowners, farmers and small
•HCON 6 IH
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 indus-
trialized country;
Whereas government taxation of estates, which is the accu-
mulation 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 es-
tate tax rates to a level so high that the heirs of home-
owners, 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 liabil-
ities 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 en-
•HCON 6 IH
couraging long-term private saving through which produc-
tive investment that promotes economic growth can be re-
alized.
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