On the recordFebruary 9, 1994
as we watch too many young lives being stopped short by too many guns, the life of an American youth has changed from a carefree dream to a deadly nightmare. It used to be that our children imagined their weddings and graduations. Now too many plan their funerals. It used to be that our children complained about the long and cold walks to school. Now too many worry that they may not arrive there alive. And, it used to be that our children feared the shoving and pushing of the class bully. Now all too many of them worry about the Uzi that he might have in his locker. As a parent, I mourn for these young people who have basically had their childhoods stripped away. Mr. President, the stakes in this battle are high. This is a problem that is going to take all of our creativity to solve. It is going to take a strong partnership between businesses, schools, families, community groups, the governments and religious institutions to find innovative ways to curb the wave of gun violence. Today, I am introducing legislation that builds on the leadership, strength, and spirit of American business by rewarding those companies that donate to guns-for-goods exchange programs. The Gun Exchange Tax Incentive Act of 1994 does this by increasing the amount of charitable tax deduction available to these businesses. Without my legislation, businesses that donate goods for guns can deduct only the cost of those goods. With my bill, they'll be able to deduct the fair market value.
Source
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