“I intend to vote ‘no’ on the Continuing Resolution (CR) brought to the floor tonight. Foremost, the resolution continues to fund the government on a fiscally unsustainable path. It continues the trend of what I call ‘math denialism’ - acting as though numbers don’t matter and that we can spend without consequences.
Rep. Warren Davidson (R-OH) introduced the Protect Family Farms and Businesses Act to halt the stealth death tax increase, which barring Congressional action could go into effect later this year. On August 4, 2016, the Treasury Department released a proposed rule that would significantly increase the burden of the death tax. Specifically, the rule will hinder the ability of businesses to apply proper valuation discounts for estate, gift, and generation skipping taxes. For the past 25 years, across Republican and Democratic administrations, valuation discounts have been applied to closely held family businesses that do not have a frequently-traded market. The new IRS rule undermines this settled law and effectively increases the death tax by 30% or more on family-owned businesses. One of the industries hardest hit by the estate tax is family owned farms that get passed on from generation to generation - an embodiment of the American Dream.
September 16, 2016 - U.S. Rep. Warren Davidson (R-OH) joined 37 of his colleagues in sending a letter to House Leadership and the Appropriations Committee urging them to include a provision which places a moratorium on unvetted refugees in the Continuing Resolution.