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SMALL BUSINESS OWNERS BLAST DEMOCRAT'S TAX BILL

 WASHINGTON, June 17 /PRNewswire/ -- National Small Business United today issued the following:
 National Small Business United today blasted the Senate Finance Committee's version of the tax package, after Senate Democrats agreed to remove all components that would promote job creation in the United States.
 "We are extremely disappointed in the Senate bill, which has dealt small business a serious blow," said Jack Rennie, president of NSBU and owner of Pacer Systems, Inc. in Billerica, Mass. "By removing the expensing provision and the capital gains rate reductions, the Senate has taken all economic stimulus out of the tax package."
 Ralph Murray, owner of IDL, Inc., Pittsburgh, Pa. and chair of NSBU's tax committee, pointed out that NSBU had been supportive of the economic plan which President Clinton announced in February.
 "At that time, NSBU stated that small business would be willing to pay its fair share toward reducing the nation's deficit and we applauded the President for recognizing that job creation was key to restoring the country's economic health," Murray said. "Unfortunately, the Senate Democrats have chosen to strip all incentives for job creation from the tax bill, so we have no choice but to oppose it."
 "We find it amazing that the Democratic party continues to espouse the merits of entrepreneurship and small business, while taking actions that will only do harm to the survival and growth of small business throughout America," Murray added. "Their failure to help alleviate the credit crunch that plagues small business and their decision to remove the economic stimulus portions of the tax bill indicate that they have no concern whatsoever for small business."
 NSBU Executive Vice President John Galles urged the President to stand by his original promises to stimulate job creation and encourage economic growth, and expressed hope that there will be substantial improvement in the tax bill after it goes through conference committee.
 In addition to restoring the capital gains rate reductions and the expensing provisions, NSBU urged the Congress to look for further spending reductions in order to reduce the federal budget deficit.
 "We want to see real cuts in spending, not just a reduced amount of spending increases," said Galles.
 National Small Business United is a private, non-profit association, representing more than 65,000 small business owners throughout the United States. Placing a key emphasis on small business advocacy, NSBU takes a bi-partisan approach to working with members of Congress and other elected officials to improve the economic climate for small business survival and growth.
 -0- 6/17/93
 /CONTACT: Marcia Bradford of National Small Business United, 202-293-8830/


CO: National Small Business United ST: District of Columbia IN: SU:

LD -- NY101 -- 3373 06/17/93 20:40 EDT
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Date:Jun 17, 1993
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