On the recordJuly 30, 1999
I rise to discuss one of my amendments, No. 1476, offered with Senator Abraham and Senator DeWine, to establish renewal communities and encourage charitable giving to those organizations which make a lasting difference in the lives of people. The amendment creates 100 renewal communities where businesses will have the incentive to stay and locate to provide economic opportunity for some of the most disadvantaged communities in America. The amendment also allows states to utilize federal block grant funds, if they choose to, in order to offset any revenue loss associated with offering a targeted state charity tax credit for individual donations to charities working predominantly to alleviate poverty. Mr. President, I will continue to work with the chairman of the Finance Committee in order to see that these critical provisions for expanding opportunity and transforming lives are included in the conference report. The Renewal Community provisions were included in the House of Representatives tax relief package and I look forward to working with the chairman to see that these provisions are included which unleash the power of the private sector and American charitable and faith-based resources to renew our commodities.
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