Printer Friendly

BOATBUILDERS HEAT UP LUXURY TAX REPEAL EFFORTS; 15 DAYS & COUNTING DOWN

 BOATBUILDERS HEAT UP LUXURY TAX REPEAL EFFORTS;
 15 DAYS & COUNTING DOWN
 The Coalition to Save Jobs in Boating issued the following:
 WHAT: Boat Burning
 WHEN: 6:15 p.m.
 Friday, Sept. 11
 WHERE: Newport, R.I.
 With only 15 working days left before the Senate recesses, as a symbolic gesture of frustration aimed at lawmakers, unemployed boatbuilders from all over the Northeast have planned to burn a 40- foot wooden boat in Newport Harbor, thereby stressing that a once great American industry is becoming nothing more than smoldering ash.
 As part of the Omnibus Reconciliation Act of 1990, sequestered lawmakers slapped a 10 percent excise tax on new boats. Their idea to "soak the rich" has actually turned into a buyers' strike vehicle forcing tens of thousands of low and middle income wage earners out of work.
 Congressional bill HR 11 containing the repeal of the boat tax passed the House in a bipartisan effort with a vote of 350 to 50 at the end of June. The Senate is scheduled to debate HR 11 next week. While the industry has been effective in garnering broad bi-partisan congressional support for repeal -- a Sense of the Senate resulted in an 82 to 14 vote in favor of repeal -- vehicles by which the repeal can become law repeatedly become burdened by special interests of political panderers.
 Unless this tax is repealed in the next 15 working days, i.e. before Congress adjourns for the national elections, we might not obtain repeal until the spring of 1993 or, in fact, never obtain it.
 Over 2,000 people from related marine business and unemployed boatbuilders will rally in Newport during the boat burning. Senators and representatives from the New England states have been invited. The Maine boatbuilders heavily impacted by the tax anticipate Sen. George Mitchell (D-Maine) to attend the burning. During the first of the Fall Boat Shows, their hope is that by taking dramatic action, they will ignite Congress to do the same and to put former hardworking Americans back to work.
 Directions: Rally site located on Goat Island in Newport Harbor Grass lot, west of Goat Island Marina, south of Double Tree Hotel and north of two-story condo complex.
 CONTACT: Kathy MacCausland of Viking Yachts, 609-296-6000; or Shawn Sullivan of Newport Yachting Center, 401-846-1600, both for the Coalition to Save Jobs in Boating.
 -0- 9/10/92


CO: Coalition to Save Jobs in Boating ST: Rhode Island IN: MAR SU:

KD -- DC016 -- 8015 09/10/92 12:13 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 10, 1992
Words:418
Previous Article:SPS TECHNOLOGIES DECLARES THIRD QUARTER DIVIDEND
Next Article:MICROGRAFX ANNOUNCES PRESS BRIEFING
Topics:


Related Articles
CONGRESS FAILS TO REPEAL BOAT LUXURY TAX THIS YEAR: SENATE COMMITS TO REVISIT ISSUE IN EARLY '92
WHITE HOUSE AND CONGRESS CALL FOR 10 PERCENT BOAT EXCISE TAX REPEAL; NMMA CITES MASSIVE JOB LOSS; IMMEDIATE REPEAL URGENT
SENATE MOVES CLOSER TO RESTORING BOAT JOBS
BOAT USER FEE REPEAL SIGNED INTO LAW
BOAT LUXURY TAX REPEAL BILL INTRODUCED IN SENATE
/C O R R E C T I O N -- NATIONAL MARINE MANUFACTURERS ASSOCIATION/
SENATORS URGE IMMEDIATE REPEAL OF BOAT LUXURY TAX; SENATE FINANCE CHAIRMAN MOYNIHAN REPORTS PRESIDENT CLINTON WANTS REPEAL
NATIONAL MARINE MANUFACTURERS ASSOCIATION PRESIDENT URGES BOAT LUXURY TAX REPEAL IN WAYS AND MEANS RECONCILIATION BILL
CONGRESSMAN BEN CARDIN LEADS SUCCESSFUL FIGHT TO RESTORE MARYLAND JOBS: BOATING INDUSTRY TO PRESENT HONORS
Boats are back.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters