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BUSINESS GROUPS URGE BUSH TO SUPPORT REVENUE ACT OF 1992

 BUSINESS GROUPS URGE BUSH TO SUPPORT REVENUE ACT OF 1992
 WASHINGTON, Oct. 8 /PRNewswire/ -- Following is the text of a letter sent today to President Bush from 230 business groups and companies, including the National Association of Realtors, urging his support of H.R. 11, the Revenue Act of 1992:
 As we are all painfully aware, the nation's economy remains stagnant and shows no sign of long-term advancement. Many sectors of the economy in both manufacturing and services are languishing. Real estate values continue to decline, thus putting increasing pressure on state and local governments as their tax base continues to erode. Many nonprofit organizations are struggling to address important public and human needs with dwindling resources. Consumer confidence ebbs with the tide of poor economic performance. Investment lags, and the individual savings rate continues to be the lowest in the industrial world. The United States spends less per dollar of Gross Domestic Product on civilian research and development than many of its global partners and competitors. Action is needed now.
 The undersigned groups and the millions of Americans they represent fully support H.R. 11, the Revenue Act of 1992 as the requisite first step toward solving these problems. H.R. 11 contains growth provisions that you proposed earlier this year. For example, enterprise zones and related investment funds will provide urgently needed assistance to economically distress urban and rural communities. The undersigned groups have been willing to operate under the restraints of the budget process in order to achieve the important modifications and extensions in this bill. Just as the relief and extension provisions have been carefully crafted, so also have the provisions that make the bill revenue neutral. Like the growth incentives, many of the revenue provisions are ones that you yourself have supported at earlier stages of this debate.
 We find the combination of tax incentives and the character of the revenue enhancing provisions of H.R. 11 indistinguishable from the tax provisions in H.R. 776, the Comprehensive National Energy Policy Act of l992. Both bills address serious problems, and both are revenue neutral.
 Mr. President, we urge you to signal your support for H.R. 11 so that it can pass the Senate and be signed. We believe tens of thousands of jobs can be preserved or created if this bill is signed. H.R. 11 is about jobs and about the economy. No issue is more critical to all of us.
 Sincerely,
 ORGANIZATIONS
 Affordable Housing Roundtable
 American Arts Alliance
 American Bankers Association
 American Council on Education
 American Resort Development Association
 American Seniors Housing Association
 American Society of Association Executives
 Amortization of Intangibles Task Force
 Association of American Universities
 The National Association of Realtors
 The Association of Local Housing Finance
 Chemical Manufacturers Association
 Coalition of Independent Casualty Companies of America
 Coalition to Preserve the Low Income Housing Tax Credit
 Coretech
 Council for Rural Housing and Development
 The Educate America Resource Network
 The Enterprise Foundation
 Equipment Leasing Association of America
 General Aviation Manufacturers Association
 The Savings Coalition of America
 Independent Insurance Agents of America, Inc.
 Institute for Responsible Housing Preservation
 International Council of Shopping Centers
 Local Initiatives Support Corporation
 Manufactured Housing Institute
 NAIOP, The Association for Commercial Real Estate
 National Apartment Association
 National Association of Affordable Housing Lenders
 National Association of Casualty and Surety Agents
 National Association of Counties
 National Association of Enterprise Zones
 National Association of Independent Colleges and Universities
 National Association of Insurance Brokers
 National Association of Museums
 National Association of Professional Insurance Agents
 National Marine Manufacturers Association
 National Association of Targeted Jobs Companies
 National Community Development Association
 National Congress for Community Economic Development
 National Council of Chain Restaurants
 National Employment Opportunities Network
 National Housing Conference
 National Housing and Rehabilitation Association
 National Leased Housing Association
 National Low Income Housing Coalition
 National Multi Housing Council
 National Realty Committee
 National Restaurant Association
 National Rural Housing Coalition
 National Society of Professional Engineers
 National Venture Capital Association
 National Association of State Universities and Land Grant
 Colleges
 Public Securities Association
 Truck Renting and Leasing Association
 The Affordable Housing Roundtable
 JOBS--Job Opportunities Business Symposium
 Association for Manufacturing Technology
 National Association of Neighborhoods
 Independent Trust
 National Venture Capital Association
 Muscular Dystrophy Association
 National Association of Targeted Jobs Tax Credit Companies
 National Employment Opportunities Network
 National Tire Wholesalers
 American Group Practice Association
 Outpatient Ophthalmic Surgery Society
 The American Society of Outpatient Surgeons
 Federated Ambulatory Surgery Association
 American College of Radiation Oncology
 American Society of Freestanding Radiation & Oncology Centers
 Accreditation Association for Ambulatory Healthcare
 National Rehabilitation Association
 National Association of Private Industry Councils
 National Puerto Rican Coalition
 American Retreaders Association
 The Greater Washington and Maryland Service Station and Repair
 Association
 Citizens United for Rehabilitation Errants (CURE)
 COMPANIES
 American Airlines
 The Dow Chemical Company
 Champion International Corporation
 Delta Airlines, Inc.
 Federal Express Corporation
 General Mills Restaurants
 PPH Corporation
 Ryder Systems, Inc.
 Sterling Trust Company
 Caldor, Inc.
 Shaw's Supermarkets
 Federated Department Stores
 Steak and Ale
 Southland Corporation
 K Mart Corporation
 Vrain Corporation
 Anhueser Busch Campbell Taggart Division
 Bob Evans Farms
 Catherine's Stores
 Central Parking Systems
 Chi Chi's Mexican Restaurants
 Dairy Mart
 Denny's
 Food Lion
 Foodmaker
 Frank's Nursery and Crafts
 General Mills
 Georgia Pacific
 Genesco
 Herman's World of Sports
 Hyatt Hotels
 Jitney Jungle
 KFC
 Kohl's Department Stores
 LaPetite Corporation
 Lucky Stores
 National Medical Enterprises
 National Pizza Corporation
 Pantry Stores
 Sbarro
 Shoney's
 Sky Chef
 Stuart Anderson's Restaurants
 Tenneco, Inc.
 TW Services
 Toys R Us
 United Parcel Service
 Von's Grocery
 White Castle
 Ameristaff Companies, Inc.
 Home Intensive Care, Inc.
 Community Education and Employment Services, Inc.
 Associated Financial Corporation
 Purdue Farms, Inc.
 Rocco, Inc.
 Bassett - Walker, Inc.
 Modern Globe, Inc.
 Shoe Show, Inc.
 Levitz, Inc.
 Stanley Furniture
 Jonbil, Inc.
 Payless Cashways, Inc.
 Lowes Company
 O'Charleys, Inc.
 Allergan, Inc.
 Fargo Clinic
 Marshfield Clinic
 D.K. Management Corporation
 Hickory Springs, Inc.
 Helig-Meyers, Inc.
 Filene's
 The Gap
 Gap Kids
 Banana Republic
 East Alabama Medical Center
 White River Medical Center
 Medical Center of South Arkansas
 Baxter County Regional Hospital
 Leesburg Regional Medical Center
 Fawcett Memorial Hospital
 Hamilton Medical Center
 Northeast Georgia Medical Center
 John D. Archbold Memorial Hospital
 Tift General Hospital
 St. Josephs Regional Medical Center
 Mercy Medical Center
 Memorial Hospital of Carbondale
 Freeport Memorial Hospital
 St. Mary's Medical Center
 Community General Hospital
 Blessing Hospital
 Caylor-Nickel Medical Center
 Bartholomew County Hospital
 Marion General Hospital
 Reid Memorial Hospital
 Good Samaritan Hospital
 Burlington Medical Center
 St. Joseph Mercy Hospital
 Hadley Regional Medical Center
 Hutchinson Hospital
 Ephraim McDowell Regional Medical Center
 Pattie A. Clay Hospital
 Opelousas General Hospital
 Gratiot Community Hospital
 Alpena General Hospital
 Community Health Center of Branch County
 Munson Medical Center
 Rice Memorial Hospital
 Magnolia Hospital
 Rush Foundation Hospital
 Audrain Medical Center
 Kalispell Regional Hospital
 Community Medical Center
 St. Patrick Hospital
 Saint Francis Medical Center
 Mary Lanning Memorial Hospital
 Good Samaritan Hospital
 Regional West Medical Center
 Cheshire Medical Center
 Craven Regional Medical Center
 Albermarie Hospital
 Southeastern General Hospital
 Rutherford Hospital, Inc.
 Johnston Memorial Hospital
 St. Joseph's Hospital
 Medical Center Hospital
 Union Hospital
 Blanchard Valley Hospital
 Bethesda Hospital
 Good Samaritan Medical Center
 Jackson County Memorial Hospital
 Grady Memorial Hospital
 St. Joseph Regional Medical Center
 St. Charles Medical Center
 Bay Area Hospital
 Good Samaritan Hospital
 Merle West Medical Center
 The Chambersburg Hospital
 Jameson Memorial Hospital
 Guthrie Healthcare System
 St. Luke's Midland Regional
 Maury Regional Hospital
 Sid Peterson Memorial Hospital
 Rockingham Memorial Hospital
 Memorial Hospital of Martinsville and Henry County
 Halifax-South Boston Community Hospital
 Skagit Valley Hospital and Health Center
 Olympic Memorial
 St. Mary Medical Center
 Central Washington Health Services Assc.
 United Hospital Center
 Monongalia General Hospital
 Saint Agnes Hospital
 Saint Joseph's Hospital
 Saint Michael's Hospital of Stevens Point, Inc.
 -0- 10/8/92
 /CONTACT: Liz Duncan 202-383-1043, or Trisha Morris, 202-383-7560, both of the National Association of Realtors/ CO: National Association of Realtors ST: District of Columbia IN: SU: LEG


KD -- DC032 -- 8071 10/08/92 16:48 EDT
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