Shreve served as an independent director of Extra Space Storage Inc. from September 14, 2022 to May 22, 2024 — a 20-month tenure that ended just 7 months before he was sworn into Congress. During his board tenure, EXR's public SEC filings warned investors of the risk of Section 199A expiration.
primary
· 2022-2024
Beyond Section 199A, the OBBBA contains two additional provisions directly benefiting Extra Space Storage: (1) an increase in the taxable REIT subsidiary asset limit from 20% to 25%, and (2) permanent restoration of EBITDA-based business interest deduction limitation under Section 163(j), which benefits EXR in managing its $12.25 billion debt load. Both prov
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· 2025-07-04
The OBBBA permanently extended the Section 199A deduction for ordinary REIT dividends, reducing the effective top federal income tax rate on REIT dividends from 37% to 29.6% — a 7.4 percentage-point permanent reduction. For Shreve, this preserves approximately $297,000 per year in tax savings that would have been lost had the deduction expired after December
primary
· 2025-07-04
Extra Space Storage paid quarterly dividends of $1.62 per share in Q4 2025 and Q1 2026, yielding an annualized dividend of $6.48 per share. At 620,958 shares, Shreve's annual dividend income is approximately $4.02 million — income that benefits directly from the Section 199A 20% deduction made permanent by the OBBBA Shreve voted for.
primary
· 2025-2026
Jefferson Shreve beneficially owned 620,958 shares of Extra Space Storage Inc. (NYSE: EXR) as of March 25, 2024, representing approximately 0.29% of the outstanding common stock, valued at approximately $82-95 million depending on share price. These shares were received as consideration in the $590 million sale of his company Storage Express in September 202
primary
· 2024-03-25
Shreve holds personal wealth tied to Extra Space Storage (a REIT he sold his company to for $590M in 2022) and the OBBBA's permanent extension of TCJA provisions — including the Section 199A pass-through deduction and REIT tax treatment — directly benefits the commercial real estate sector in which he retains financial interests.
primary
· 2025-07-03
✓ Verified
Feeding America projected Indiana would face a $356 million SNAP cost shift plus $46 million in additional administrative costs under OBBBA, while the provider tax freeze threatened the Healthy Indiana Plan (HIP 2.0) covering nearly 600,000 Hoosiers.
secondary
· 2025-05-22
Shreve's press release on the vote touted his own 'Build the Wall Act' provisions included in H.R. 1 and framed the bill as 'providing tax relief for ALL Americans' and 'delivering meaningful results for Hoosier families,' without mentioning the Medicaid and SNAP cuts.
primary
· 2025-07-03
At the time of Shreve's vote, the CBO had projected the Senate-passed version would add $3.3 trillion to deficits and cause 11.8 million Americans to lose health insurance by 2034; the post-enactment CBO estimate (July 21, 2025) revised the deficit impact to $3.4 trillion and coverage loss to 10 million.
secondary
· 2025-07-21
Jefferson Shreve voted 'Aye' on H.R. 1 (One Big Beautiful Bill Act) on the motion to concur in the Senate amendment, recorded as Roll Call 190 on July 3, 2025; the House passed the bill 218-214 with only two Republicans (Massie and Fitzpatrick) joining all Democrats in opposition.
primary
· 2025-07-03
Of the 10 House Republicans who voted yea on H.R. 1689, seven represent districts with Cook PVI ratings of R+7 or less competitive — meaning they face meaningful electoral cross-pressure. Shreve's IN-06 is R+34, among the safest Republican seats in the country, insulating him from any electoral consequence of a hardline immigration vote.
secondary
· 2026-04-16
Shreve did not issue a press release, social media statement, or newsletter explaining his vote on H.R. 1689 — a silence maintained as of May 2026. His House website contains no statement tagged 'Haiti,' 'TPS,' or 'H.R. 1689.'
secondary
· 2026-04-16
Shreve has zero recorded votes against the Republican Party majority in the 119th Congress through at least April 2026, per C-SPAN congressional voting records. This is a 100% party-loyalty voting pattern.
primary
· 2026-04-16
Shreve voted Nay on the procedural rule (H.Res. 965, Roll 119) for consideration of H.R. 1689 on the same day — opposing both the substance and the procedure, consistent with leadership's position against the discharge petition mechanism.
primary
· 2026-04-16
[constituency_baseline] Demographic anchor: median age: 38.2
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[constituency_baseline] Demographic anchor: homeownership rate: 70.8%
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[constituency_baseline] Demographic anchor: bachelor's degree or higher: 28.7%
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[constituency_baseline] Demographic anchor: poverty rate: 10.9%
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[constituency_baseline] Demographic anchor: median household income: $76,875
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[constituency_baseline] Ballot measure: Indiana Constitutional Amendment — Remove State Superintendent of Public Instruction from Gubernatorial Line of Succession (2024) — passed, margin statewide; exact margin calculated by Indiana Secretary of State
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GOBLIN HOUSE
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