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S 8184 CONGRESSIONAL RECORD Ð SENATE June 12, 1995 small businesses showed that 95 per- partial deduction for health insurance. stituent of mine, Leonard Florence, for cent favored a constitutional amend- Corporate employers already are able his philanthropic efforts and dedica- ment requiring the Federal Govern- to deduct the full cost of health insur- tion to the cause of the mentally chal- ment to balance the budget and that 88 ance. This disparity in treatment con- lenged. percent believed Congress should focus tinues to put the entrepreneurs of Mr. Florence has served on the board its attention primarily on deficit re- America at a disadvantageÐ23 percent of trustees of the Cardinal Cushing duction. of the self-employed are uninsured School and Training Center for excep- The Senate listened to the American today. About 4 million of the uninsured tional Children of All Faiths since 1967 people on this issue. We worked hard, are in families headed by a self-em- and has been instrumental in raising debated earnestly, made difficult deci- ployed worker. A 100-percent deduction over $10 million for the school. The sions, and fulfilled our obligation by will make their insurance more afford- Charlotte and Leonard Florence Dental voting to bring the budget into balance able and help these families purchase Clinic and Auditorium at Tufts Univer- by the year 2002. The result of that the health insurance coverage they sity Dental School and the Charlotte work is not only a better financial leg- need and deserve. and Leonard Florence Courtyard in the acy for America, but the production of Third, estate tax relief targeted spe- nursery school at Temple Mishkan an economic dividend of approximately cifically for small business. Generally, Tefila also testify to his generosity. $170 billion over the next 7 years. this would be a tax deferral for a fam- In 1993, Pope John Paul II appointed When the opportunity for tax cuts ar- ily owned and operated business that is Mr. Florence a Knight of the Order of rives as a result of our control over passed to heirs who continue to own Saint Gregory the Great. This is the budget deficits, Congress should view and operate the business. As you know, highest award granted by the Pope and the economic dividend as a young, this is a vital change because some is awarded to persons of conspicuous growing business would view a small owners of a small family businesses virtue and notable accomplishment on influx of cash. It should be invested find they cannot afford to pass the behalf of society regardless of their re- very carefully. I strongly believe that business on to their children simply be- ligious belief. some tax relief needs to go to families cause they cannot afford to pay the es- Leonard Florence is an outstanding with children. I also believe, however, tate taxes. A recent survey of family citizen who has given freely of his time that we should use a portion of the div- businesses showed that a mere 57 per- and talents to the Commonwealth of idend in a way that will create jobs and cent of owners planned on keeping the Massachusetts and the Nation. I con- stimulate investment and growth in business in the family; taxes were cited gratulate him on this richly deserved our economy by providing tax cuts for as one of the prime reasons for their award.· small businesses. plans to sell out. Unfortunately, our f Year after year small businesses gen- system of taxation is working against erate a significant number of new jobs, us here. Rather than promoting and NGA GROCERS CARE AWARDS even while corporate America stimulating business growth, the law is ·Mr. NICKLES. Mr. President, I wish downsizes. In fact, according to the forcing people to make decisions to sell to bring to the attention of the Senate Small Business Administration, small or close what otherwise could be a via- the community contribution of the businesses provided 100 percent of the ble enterprise. American independent retail grocers net new jobs from 1987 to 1992. By Fourth, cut the capital gains tax rate and their wholesalers. targeting some of the tax cuts toward and index it for inflation. In order to In the past years, through the cele- small business we will not be spending unlock built up asset values. Entre- bration of National Grocers Week, the the dividend but rather reinvesting it preneurs that have become successful House and Senate have recognized the in our economy. That way, all Ameri- might repeat their job-creating activi- important role these businesses play in cans will benefit through an improved ties in a new company if it were not for our economy. The week of June 11±17, standard of living. Small businesses the disincentive in the tax laws against 1995, commemorates the ninth year need cash to meet payroll, pay their realizing and reinvesting these gains. that National Grocers Week has been day-to-day bills and to invest in capital The effect of permitting all capital observed by the industry to encourage improvements. In a recent study, small gains to be reinvested more freely and recognize grocers' leadership in business owners identified tax burdens would be to give our economy a boost private sector initiatives. Across the as their No. 1 problem. The economic that it otherwise would not enjoy, and Nation, community grocers, through dividend provides us with an oppor- much of this reinvestment likely will environmental initiatives, political in- tunity to rectify the single most im- be directed at small business. Simply volvement, and charitable support, portant concern of that portion of our said, a reduction in the capital gains demonstrate and build on the corner- economy that can contribute to Ameri- rate will expand economic activity so stone of this great countryÐthe entre- ca's economic growth. all Americans will be able to reap the preneurial spirit. When the Committee on Finance is benefit of that growth by additional In this annual celebration, the Na- determining what tax cuts should be jobs and an improved standard of liv- tional Grocers Association (N.G.A.) and enacted as a result of the budget reso- ing. the Nation honor outstanding inde- lution and the economic dividend, I As chairman of the Committee on pendent retail and wholesale grocers, strongly encourage the members to in- Small Business, I urge my colleagues State associations and food industry clude on the priority list at least the to look at tax-cutting opportunities as manufacturers for their community following four targeted tax cuts to pro- a way to make an intelligent, long- leadership with N.G.A.'s Grocers Care mote economic growth and job creation term investment in our small business initiatives. by American small business. sector but will benefit the entire econ- Grocers Care recognizes the involve- First, increase the small business omy.· ment of the entire food industry in expensing provision. Allowing a cur- f community, civic, and environmental rent deduction for newly purchased as- programs, including support for private sets improves the cash flow of a small HARRY ZIMMERMAN MEMORIAL charities, education, and the perform- business. It also would encourage a AWARD TO LEONARD FLORENCE ing arts, and community efforts to small business to invest in new equip- · Mr. KERRY. Mr. Present, this is the shelter and feed the homeless. ment which in turn helps manufactur- 10th anniversary of the Mary and Harry GROCERS CARE AWARD NOMINEES ing and related industries. This is a Zimmerman Memorial Dinner to bene- Representatives from companies, or- formula for maintaining and enhancing fit the Muscular Dystrophy Associa- ganizations, and associations around job growth. tion. The city of Nashville and the the United States will be honored. The Second, provide a 100-percent deduc- Service Merchandise Co. host this honorees include: tion for the health insurance costs of event and I am proud to say that this Alabama: John M. Wilson, Super the self-employed. With the passage of year the prestigious Harry Zimmerman Foods Supermarkets, Luverne; Peter H.R. 831 earlier this year, we gave the Award, named for the founder of the V. Gregerson, Jr., Gregerson's Foods, self-employed a permanent but only a company, is being presented to a con- Inc., Gadsden. June 12, 1995 CONGRESSIONAL RECORD Ð SENATE S 8185 Arkansas: Steve Edwards, GES, Inc. Wakefern Food Corporation, Edison; Milwaukee; Fred H. Lange, Lange's dba Food Giant, Marianna. Robert Gal, Wakefern Food Corpora- Sentry Foods, Madison. California: John D. Denney, Denney's tion, Elizabeth; William Sumas, Vil- West Virginia: David G. Milne, Mor- Market, Inc., Bakersfield; Donald W. lage Supermarkets, Inc., Springfield; gan's Clover Farm Mkt., Inc., Dill, Certified Grocers of CA Ltd., Los Mark K. Laurenti, Shop-Rite of Pen- Kingwood. Angeles. nington, Trenton;. The following State associations are Colorado: Harold J. Kelloff, Kelloff's New Mexico: Glen Holt, Thriftway instrumental in coordinating informa- Food Market, Alamosa; John M. Todd, Super Market, Ruidoso; Martin G. tion relative to the community service Toddy's Supermarkets, Greeley. Romine, California Super Market, Gal- activities of their members: California Florida: Lorena Jaeb, Pick Kwik lup. Grocers Association, Rocky Mountain Food Stores, Mango; Donald M. New York: Jerome F. Pawlak, Bells Food Dealers, Connecticut Food Asso- Kolvenbach, Affiliated of Florida, Food Center, Albion. ciation, Georgia Food Industry Asso- Tampa. Ohio: Walter A. Churchill, Sr., ciation, Retail Grocers Association of Georgia: Fred A. Ligon, Sr., Ligon Churchill's Super Markets, Inc, Syl- Kansas City, Kentucky Grocers Asso- EnterprisesÐColumbia, Decatur. vania; Ronald C. Graff, Columbiana ciation, Louisiana Retailers Associa- Idaho: William D. Long, Waremart, Foods, Inc., Boardman; James A.

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