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Originally Processed With FOIA(s): FOIA Number: S S FOIA MARKER This is not a textual record. This is used as an administrative marker by the George Bush Presidential Library Staff. Record Group/Collection: George H.W. Bush Presidential Records Collection/Office of Origin: Speechwriting, White House Office of Series: Speech File Draft Files Subseries: Chron File, 1989-1993 OA/ID Number: 13624 Folder ID Number: 13624-006 Folder Title: [National] Retail Federation 5/19/92 [OA 6102] Stack: Row: Section: Shelf: Position: G 26 18 2 4 NATIONAL RETAIL FEDERATION \ ROOM 450 MAY 19, 1992 \ 2:00 P.M. SECRETARY ALEXANDER. TRACEY MULLINS, PRESIDENT OF THE NATIONAL RETAIL FEDERATION. JOSEPH ANTONINI, NRF CHAIRMAN. I'M DELIGHTED TO RECEIVE THIS AWARD, AND TO HAVE THE CHANCE TO VISIT WITH YOU TODAY. I UNDERSTAND YOU'VE ALREADY MET WITH PAT SAIKI, BUT I'D LIKE TO TAKE THIS OPPORTUNITY TO BRIEFLY DISCUSS A NUMBER OF MATTERS THAT I KNOW ARE OF CONCERN TO YOUR INDUSTRY. - 2 - As YOU KNOW, THE RECENT RIOTS IN Los ANGELES LEFT A LARGE NUMBER OF RETAIL OPERATORS AND OTHER SMALL BUSINESSES DEVASTATED. WE'VE RESPONDED SWIFTLY To THE NEEDS THERE. THE SMALL BUSINESS ADMINISTRATION AND THE FEDERAL EMERGENCY MANAGEMENT AGENCY HAVE MADE MASSIVE RESOURCES AVAILABLE. THE FEDERAL HOME LOAN BANK SYSTEM WILL OFFER AN ADDITIONAL $600 MILLION TO FINANCE THE REBUILDING OF HOMES AND BUSINESSES. - 3 - AND WE'VE SET UP A SPECIAL TASK FORCE TO CUT RED TAPE TO MAKE SURE THAT THESE BUSINESSES GET THE HELP THEY DESERVE IN RECORD TIME. BUT NOW WE NEED TO LOOK BEYOND THE IMMEDIATE AFTERMATH OF THIS TRAGEDY. WE MUST RENEW OUR COMMITMENT TO BRING HOPE AND OPPORTUNITY NOT JUST TO Los ANGELES BUT TO EVERY AMERICAN CITY. - 4 - LAST WEEK, I PRESENTED TO CONGRESSIONAL LEADERS A SIX-POINT ACTION PLAN TO DO JUST THAT: OUR "WEED AND SEED" ANTI-CRIME INITIATIVE; OUR HOPE HOUSING INITIATIVE; EDUCATION REFORM; WELFARE REFORM; STRONG JOB-TRAINING PROGRAMS FOR YOUNG PEOPLE IN THE INNER CITY; AND ENTERPRISE ZONES, TO BRING PRIVATE CAPITAL AND JOBS TO NEIGHBORHOODS THAT so DESPERATELY NEED THEM. - 5 - I KNOW THAT THE RETAIL INDUSTRY HAS BEEN THROUGH TOUGH TIMES, AS HAVE MANY OTHER SECTORS OF THE ECONOMY. BUT THERE ARE REASONS TO BE ENCOURAGED. IN THE FIRST QUARTER OF THIS YEAR, RETAIL SALES ROSE A STRONG 3 PERCENT. I WANT TO ASSURE YOU THAT WE'RE DOING EVERYTHING WE CAN FROM HERE TO ENSURE THAT THIS GROWTH CONTINUES. FIRST, WE IN WASHINGTON NEED TO GET OUR OWN HOUSE IN ORDER. - 6 - To RESTORE FISCAL DISCIPLINE TO THE FEDERAL GOVERNMENT, I CHALLENGE CONGRESS TO GET MOVING ON A BALANCED BUDGET AMENDMENT. SECOND, WE'VE BEEN TAKING STEPS TO REDUCE FEDERAL RED TAPE, WHICH TOO OFTEN ACTS AS A STRAIGHT JACKET ON YOUR ABILITY TO COMPETE. EVERY DOLLAR YOU SPEND CONFORMING TO SOME GOVERNMENT MANDATE IS A DOLLAR YOU COULD SPEND SERVING YOUR CUSTOMERS BETTER. As YOU MAY KNOW, WE'VE IMPLEMENTED A MORATORIUM ON NEW FEDERAL REGULATIONS. - 7 - WE'RE SPEEDING UP THOSE REGULATIONS THAT ENCOURAGE GROWTH -- AND, WHEREVER POSSIBLE, WE'RE CANCELLING REGULATIONS THAT NEEDLESSLY BURDEN BUSINESS. THE DAYS OF OVER-REGULATION ARE JUST THAT -- OVER. FOR EXAMPLE, AT MY DIRECTION, THE IRS HAS ISSUED NEW RULES TO SIMPLIFY THE PAYROLL TAX SYSTEM. THE NEW RULES WILL SIGNIFICANTLY REDUCE PAYROLL COSTS FOR BUSINESSES. - 8 - WE'RE ALSO LAUNCHING AN EXPERIMENTAL PROGRAM TO LET EMPLOYERS MAKE TAX PAYMENTS ELECTRONICALLY. THERE'S NO REASON YOU SHOULD WASTE TIME AND MONEY DOING THE GOVERNMENT'S PAPERWORK. I ALSO UNDERSTAND HOW CRUCIAL TRADE IS To THE GROWTH OF YOUR INDUSTRY. IN FACT, IT IS CRUCIAL FOR EVERY AMERICAN, BECAUSE OUR ECONOMIC SUCCESS AT HOME DEPENDS ON OUR ECONOMIC SUCCESS ABROAD. I APPRECIATE THE GOOD WORK THE NRF HAS BEEN DOING ON BEHALF OF OUR NORTH AMERICAN FREE TRADE AGREEMENT. - 9 - WHEN WE GET THAT AGREEMENT -- AND WE WILL -- WE WILL CREATE A $6.5 TRILLION MARKET, ONE OF THE LARGEST IN THE WORLD. WE'RE ALSO MOVING FORWARD WITH THE GATT TRADE NEGOTIATIONS. A SUCCESSFUL GATT AGREEMENT COULD PUMP MORE THAN $5 TRILLION INTO THE GLOBAL ECONOMY OVER TEN YEARS. THE U.S. SHARE OF THAT PROMISES TO TOP $1 TRILLION. AND THAT MEANS MORE AND BETTER JOBS FOR AMERICANS, BETTER SERVICE FOR YOUR CUSTOMERS, AND BETTER PROSPECTS TO MAKE YOUR BUSINESSES GROW. - 10 - SOME CALL THIS TRADE POLICY OPTIMISTIC, AND THEY'RE RIGHT: I AM OPTIMISTIC ABOUT THIS COUNTRY. THE CREATIVITY, ENERGY AND ENTHUSIASM OF YOUR MEMBERS ARE THE BEST REBUTTAL TO THE PESSIMISTS. WITH YOUR HELP, AND THE HELP OF THE MILLIONS OF BUSINESSMEN AND -WOMEN LIKE YOU, AMERICA WILL CONTINUE TO BE A RISING NATION INTO THE NEXT CENTURY. THANK YOU FOR THE OPPORTUNITY TO SPEAK WITH YOU TODAY, AND THANK YOU FOR THIS HONOR. # # # NATIONAL RETAIL FEDERATION \ ROOM 450 MAY 19, 1992 \ 2:00 P.M. SECRETARY ALEXANDER. TRACEY MULLINS, PRESIDENT OF THE NATIONAL RETAIL FEDERATION. JOSEPH ANTONINI, NRF CHAIRMAN. I'M DELIGHTED TO RECEIVE THIS AWARD, AND TO HAVE THE CHANCE To VISIT WITH YOU TODAY. I UNDERSTAND YOU'VE ALREADY MET WITH PAT SAIKI, BUT I'D LIKE TO TAKE THIS OPPORTUNITY TO BRIEFLY DISCUSS A NUMBER OF MATTERS THAT I KNOW ARE OF CONCERN TO YOUR INDUSTRY. - 2 - As YOU KNOW, THE RECENT RIOTS IN Los ANGELES LEFT A LARGE NUMBER OF RETAIL OPERATORS AND OTHER SMALL BUSINESSES DEVASTATED. WE'VE RESPONDED SWIFTLY TO THE NEEDS THERE. THE SMALL BUSINESS ADMINISTRATION AND THE FEDERAL EMERGENCY MANAGEMENT AGENCY HAVE MADE MASSIVE RESOURCES AVAILABLE. THE FEDERAL HOME LOAN BANK SYSTEM WILL OFFER AN ADDITIONAL $600 MILLION TO FINANCE THE REBUILDING OF HOMES AND BUSINESSES. - 3 - AND WE'VE SET UP A SPECIAL TASK FORCE TO CUT RED TAPE TO MAKE SURE THAT THESE BUSINESSES GET THE HELP THEY DESERVE IN RECORD TIME. BUT NOW WE NEED TO LOOK BEYOND THE IMMEDIATE AFTERMATH OF THIS TRAGEDY. WE MUST RENEW OUR COMMITMENT TO BRING HOPE AND OPPORTUNITY NOT JUST TO Los ANGELES BUT TO EVERY AMERICAN CITY. - 4 - LAST WEEK, I PRESENTED TO CONGRESSIONAL LEADERS A SIX-POINT ACTION PLAN TO DO JUST THAT: OUR "WEED AND SEED" ANTI-CRIME INITIATIVE; OUR HOPE HOUSING INITIATIVE; EDUCATION REFORM; WELFARE REFORM; STRONG JOB-TRAINING PROGRAMS FOR YOUNG PEOPLE IN THE INNER CITY; AND ENTERPRISE ZONES, TO BRING PRIVATE CAPITAL AND JOBS TO NEIGHBORHOODS THAT so DESPERATELY NEED THEM. - 5 - I KNOW THAT THE RETAIL INDUSTRY HAS BEEN THROUGH TOUGH TIMES, AS HAVE MANY OTHER SECTORS OF THE ECONOMY. BUT THERE ARE REASONS TO BE ENCOURAGED. IN THE FIRST QUARTER OF THIS YEAR, RETAIL SALES ROSE A STRONG 3 PERCENT. I WANT To ASSURE YOU THAT WE'RE DOING EVERYTHING WE CAN FROM HERE TO ENSURE THAT THIS GROWTH CONTINUES. FIRST, WE IN WASHINGTON NEED To GET OUR OWN HOUSE IN ORDER. - 6 - To RESTORE FISCAL DISCIPLINE TO THE FEDERAL GOVERNMENT, I CHALLENGE CONGRESS To GET MOVING ON A BALANCED BUDGET AMENDMENT. SECOND, WE'VE BEEN TAKING STEPS TO REDUCE FEDERAL RED TAPE, WHICH TOO OFTEN ACTS AS A STRAIGHT JACKET ON YOUR ABILITY TO COMPETE. EVERY DOLLAR YOU SPEND CONFORMING TO SOME GOVERNMENT MANDATE IS A DOLLAR YOU COULD SPEND SERVING YOUR CUSTOMERS BETTER. As YOU MAY KNOW, WE'VE IMPLEMENTED A MORATORIUM ON NEW FEDERAL REGULATIONS. - 7 - WE'RE SPEEDING UP THOSE REGULATIONS THAT ENCOURAGE GROWTH -- AND, WHEREVER POSSIBLE, WE'RE CANCELLING REGULATIONS THAT NEEDLESSLY BURDEN BUSINESS. THE DAYS OF OVER-REGULATION ARE JUST THAT -- OVER. FOR EXAMPLE, AT MY DIRECTION, THE IRS HAS ISSUED NEW RULES TO SIMPLIFY THE PAYROLL TAX SYSTEM. THE NEW RULES WILL SIGNIFICANTLY REDUCE PAYROLL COSTS FOR BUSINESSES. - 8 - WE'RE ALSO LAUNCHING AN EXPERIMENTAL PROGRAM To LET EMPLOYERS MAKE TAX PAYMENTS ELECTRONICALLY. THERE'S NO REASON YOU SHOULD WASTE TIME AND MONEY DOING THE GOVERNMENT'S PAPERWORK. I ALSO UNDERSTAND HOW CRUCIAL TRADE IS To THE GROWTH OF YOUR INDUSTRY. IN FACT, IT IS CRUCIAL FOR EVERY AMERICAN, BECAUSE OUR ECONOMIC SUCCESS AT HOME DEPENDS ON OUR ECONOMIC SUCCESS ABROAD. I APPRECIATE THE GOOD WORK THE NRF HAS BEEN DOING ON BEHALF OF OUR NORTH AMERICAN FREE TRADE AGREEMENT. - 9 - WHEN WE GET THAT AGREEMENT -- AND WE WILL -- WE WILL CREATE A $6.5 TRILLION MARKET, ONE OF THE LARGEST IN THE WORLD. WE'RE ALSO MOVING FORWARD WITH THE GATT TRADE NEGOTIATIONS. A SUCCESSFUL GATT AGREEMENT COULD PUMP MORE THAN $5 TRILLION INTO THE GLOBAL ECONOMY OVER TEN YEARS. THE U.S. SHARE OF THAT PROMISES To TOP $1 TRILLION. AND THAT MEANS MORE AND BETTER JOBS FOR AMERICANS, BETTER SERVICE FOR YOUR CUSTOMERS, AND BETTER PROSPECTS TO MAKE YOUR BUSINESSES GROW. - 10 - SOME CALL THIS TRADE POLICY OPTIMISTIC, AND THEY'RE RIGHT: I AM OPTIMISTIC ABOUT THIS COUNTRY. THE CREATIVITY, ENERGY AND ENTHUSIASM OF YOUR MEMBERS ARE THE BEST REBUTTAL TO THE PESSIMISTS. WITH YOUR HELP, AND THE HELP OF THE MILLIONS OF BUSINESSMEN AND -WOMEN LIKE YOU, AMERICA WILL CONTINUE TO BE A RISING NATION INTO THE NEXT CENTURY. THANK YOU FOR THE OPPORTUNITY TO SPEAK WITH YOU TODAY, AND THANK YOU FOR THIS HONOR. # # # THE PRESIDENT HAS SEEN THE WHITE HOUSE 5/18/92 WASHINGTON May 18, 1992 C2 MAY 18 P12 : 07 MEMORANDUM FOR THE PRESIDENT AD THOUGH: DAVE DEMAREST OK FROM: ANDY FERGUSON at SUBJECT: NATIONAL RETAIL FEDERATION Tomorrow, at 2:00 p.m. in Room 450 you will deliver brief remarks (6 minutes) at a drop-by with the National Retail Federation. You will be receiving the NRF's Leadership in Public Service Award. Your remarks touch on the SBA and FEMA assistance made available in response to the Los Angeles crisis, but emphasize that their are much broader needs to be addressed -- problems addressed by your 6-point plan. You acknowledge the importance of a strong retail sector to overall economic strength, and describe some of the steps this administration is taking to ensure economic growth: promotion of a balanced budget amendment, curtailing federal regulation, IRS innovation, and free trade negotiations. (Ferguson/Grossman) May 15, 1992 Draft Two RETAIL PRESIDENTIAL REMARKS: NATIONAL RETAIL FEDERATION MAY 19, 1992 ROOM 450 2:00 P.M. (Acknowledgments) I'm delighted to receive this award, and to have the chance let we touch briefly to visit with you today. I only have a short time, SO allow me to speak briefly on a number of matters that I know are of concern to your industry. As you know, the recent riots in Los Angeles left a large number of retail operators and other small businesses devastated. We've responded swiftly to the needs there. The Small Business Administration and the Federal Emergency Management Agency have made massive resources available. The Federal Home Loan Bank system will offer an additional $600 million to finance the rebuilding of homes and businesses. And we've set up a special task force to cut red tape to make sure that these businesses get the help they deserve in record time. But now we need to look beyond the immediate aftermath of this tragedy. We must renew our commitment to bring hope and opportunity not just to Los Angeles but to every American city. Last week, I presented to congressional leaders a six-point action plan to do just that: our "Weed and Seed" anti-crime initiative; our HOPE housing initiative; education reform; welfare reform; strong job-training programs for young people in 2 the inner city; and enterprise zones, to bring private capital and jobs to neighborhoods that so desperately need them. I know that the retail industry has been through tough times, as have many other sectors of the economy. But there are reasons to be encouraged. In the first quarter of this year, retail sales rose a strong 3 percent. I want to assure you that we're doing everything we can from here to ensure that this growth continues. First, we in Washington need to get our own house in order. To restore fiscal discipline to the federal government, I challenge Congress to get moving on a balanced budget amendment. Second, we've been taking steps to reduce federal red tape, which too often acts as a straight jacket on your ability to compete. Every dollar you spend conforming to some government mandate is a dollar you could spend serving your customers better. As you may know, we've implemented a moratorium on new federal regulations. We're speeding up those regulations that encourage growth -- and, wherever possible, we're cancelling regulations that needlessly burden business. The days of over- regulation are just that -- over. For example, at my direction, the IRS has issued new rules to simplify the payroll tax system. The new rules will significantly reduce payroll costs for businesses. We're also launching an experimental program to let employers make tax payments electronically. There's no reason you should waste time and money doing the government's paperwork. 3 I also understand how crucial trade is to the growth of your industry. In fact, it is crucial for every American, because our economic success at home depends on our economic success abroad. I appreciate the good work the NRF has been doing on behalf of our North American Free Trade Agreement. When we get that agreement -- and we will -- we will create a $6.5 trillion market, one of the largest in the world. We're also moving forward with the GATT trade negotiations. A successful GATT agreement could pump more than $5 trillion into the global economy over ten years. The U.S. share of that promises to top $1 trillion. And that means more and better jobs for Americans, better service for your customers, and better prospects to make your businesses grow. Some call this trade policy optimistic, and they're right: I am optimistic about this country. The creativity, energy and enthusiasm of your members are the best rebuttal to the pessimists. With your help, and the help of the millions of businessmen and -women like you, America will continue to be a rising nation into the next century. Thank you for the opportunity to speak with you today, and thank you for this honor. # # # # THE WHITE HOUSE WASHINGTON May 18, 1992 MEMORANDUM FOR THE PRESIDENT AP THOUGH: DAVE DEMAREST FROM: ANDY FERGUSON at SUBJECT: NATIONAL RETAIL FEDERATION Tomorrow, at 2:00 p.m. in Room 450 you will deliver brief remarks (6 minutes) at a drop-by with the National Retail Federation. You will be receiving the NRF's Leadership in Public Service Award. Your remarks touch on the SBA and FEMA assistance made available in response to the Los Angeles crisis, but emphasize that their are much broader needs to be addressed -- problems addressed by your 6-point plan. You acknowledge the importance of a strong retail sector to overall economic strength, and describe some of the steps this administration is taking to ensure economic growth: promotion of a balanced budget amendment, curtailing federal regulation, IRS innovation, and free trade negotiations. (Ferguson/Grossman) May 15,1992 Draft Two RETAIL PRESIDENTIAL REMARKS: NATIONAL RETAIL FEDERATION MAY 19, 1992 ROOM 450 2:00 P.M. (Acknowledgments) I'm delighted to receive this award, and to have the chance to visit with you today. I only have a short time, so allow me to speak briefly on a number of matters that I know are of concern to your industry. As you know, the recent riots in Los Angeles left a large number of retail operators and other small businesses devastated. We've responded swiftly to the needs there. The Small Business Administration and the Federal Emergency Management Agency have made massive resources available. The Federal Home Loan Bank system will offer an additional $600 million to finance the rebuilding of homes and businesses. And we've set up a special task force to cut red tape to make sure that these businesses get the help they deserve in record time. But now we need to look beyond the immediate aftermath of this tragedy. We must renew our commitment to bring hope and opportunity not just to Los Angeles but to every American city. Last week, I presented to congressional leaders a six-point action plan to do just that: our "Weed and Seed" anti-crime initiative; our HOPE housing initiative; education reform; welfare reform; strong job-training programs for young people in 2 the inner city; and enterprise zones, to bring private capital and jobs to neighborhoods that so desperately need them. I know that the retail industry has been through tough times, as have many other sectors of the economy. But there are reasons to be encouraged. In the first quarter of this year, retail sales rose a strong 3 percent. I want to assure you that we're doing everything we can from here to ensure that this growth continues. First, we in Washington need to get our own house in order. To restore fiscal discipline to the federal government, I challenge Congress to get moving on a balanced budget amendment. Second, we've been taking steps to reduce federal red tape, which too often acts as a straight jacket on your ability to compete. Every dollar you spend conforming to some government mandate is a dollar you could spend serving your customers better. As you may know, we've implemented a moratorium on new federal regulations. We're speeding up those regulations that encourage growth -- and, wherever possible, we're cancelling regulations that needlessly burden business. The days of over- regulation are just that -- over. For example, at my direction, the IRS has issued new rules to simplify the payroll tax system. The new rules will significantly reduce payroll costs for businesses. We're also launching an experimental program to let employers make tax payments electronically. There's no reason you should waste time and money doing the government's paperwork. 3 I also understand how crucial trade is to the growth of your industry. In fact, it is crucial for every American, because our economic success at home depends on our economic success abroad. I appreciate the good work the NRF has been doing on behalf of our North American Free Trade Agreement. When we get that agreement -- and we will -- we will create a $6.5 trillion market, one of the largest in the world. We're also moving forward with the GATT trade negotiations. A successful GATT agreement could pump more than $5 trillion into the global economy over ten years. The U.S. share of that promises to top $1 trillion. And that means more and better jobs for Americans, better service for your customers, and better prospects to make your businesses grow. Some call this trade policy optimistic, and they're right: I am optimistic about this country. The creativity, energy and enthusiasm of your members are the best rebuttal to the pessimists. With your help, and the help of the millions of businessmen and -women like you, America will continue to be a rising nation into the next century. Thank you for the opportunity to speak with you today, and thank you for this honor. # # # # THE white HOUSE WASHINGTON May 18, 1992 MEMORANDUM FOR THE PRESIDENT H THOUGH: DAVE DEMAREST FROM: ANDY FERGUSON at SUBJECT: NATIONAL RETAIL FEDERATION Tomorrow, at 2:00 p.m. in Room 450 you will deliver brief remarks (6 minutes) at a drop-by with the National Retail Federation. You will be receiving the NRF's Leadership in Public Service Award. Your remarks touch on the SBA and FEMA assistance made available in response to the Los Angeles crisis, but emphasize that their are much broader needs to be addressed -- problems addressed by your 6-point plan. You acknowledge the importance of a strong retail sector to overall economic strength, and describe some of the steps this administration is taking to ensure economic growth: promotion of a balanced budget amendment, curtailing federal regulation, IRS innovation, and free trade negotiations. (Ferguson/Grossman) May 15,1992 Draft Two RETAIL PRESIDENTIAL REMARKS: NATIONAL RETAIL FEDERATION MAY 19, 1992 ROOM 450 2:00 P.M. (Acknowledgments) I'm delighted to receive this award, and to have the chance to visit with you today. I only have a short time, so allow me to speak briefly on a number of matters that I know are of concern to your industry. As you know, the recent riots in Los Angeles left a large number of retail operators and other small businesses devastated. We've responded swiftly to the needs there. The Small Business Administration and the Federal Emergency Management Agency have made massive resources available. The Federal Home Loan Bank system will offer an additional $600 million to finance the rebuilding of homes and businesses. And we've set up a special task force to cut red tape to make sure that these businesses get the help they deserve in record time. But now we need to look beyond the immediate aftermath of this tragedy. We must renew our commitment to bring hope and opportunity not just to Los Angeles but to every American city. Last week, I presented to congressional leaders a six-point action plan to do just that: our "Weed and Seed" anti-crime initiative; our HOPE housing initiative; education reform; welfare reform; strong job-training programs for young people in 2 the inner city; and enterprise zones, to bring private capital and jobs to neighborhoods that so desperately need them. I know that the retail industry has been through tough times, as have many other sectors of the economy. But there are reasons to be encouraged. In the first quarter of this year, retail sales rose a strong 3 percent. I want to assure you that we're doing everything we can from here to ensure that this growth continues. First, we in Washington need to get our own house in order. To restore fiscal discipline to the federal government, I challenge Congress to get moving on a balanced budget amendment. Second, we've been taking steps to reduce federal red tape, which too often acts as a straight jacket on your ability to compete. Every dollar you spend conforming to some government mandate is a dollar you could spend serving your customers better. As you may know, we've implemented a moratorium on new federal regulations. We're speeding up those regulations that encourage growth -- and, wherever possible, we're cancelling regulations that needlessly burden business. The days of over- regulation are just that -- over. For example, at my direction, the IRS has issued new rules to simplify the payroll tax system. The new rules will significantly reduce payroll costs for businesses. We're also launching an experimental program to let employers make tax payments electronically. There's no reason you should waste time and money doing the government's paperwork. 3 I also understand how crucial trade is to the growth of your industry. In fact, it is crucial for every American, because our economic success at home depends on our economic success abroad. I appreciate the good work the NRF has been doing on behalf of our North American Free Trade Agreement. When we get that agreement -- and we will -- we will create a $6.5 trillion market, one of the largest in the world. We're also moving forward with the GATT trade negotiations. A successful GATT agreement could pump more than $5 trillion into the global economy over ten years. The U.S. share of that promises to top $1 trillion. And that means more and better jobs for Americans, better service for your customers, and better prospects to make your businesses grow. Some call this trade policy optimistic, and they're right: I am optimistic about this country. The creativity, energy and enthusiasm of your members are the best rebuttal to the pessimists. With your help, and the help of the millions of businessmen and -women like you, America will continue to be a rising nation into the next century. Thank you for the opportunity to speak with you today, and thank you for this honor. # # # # Document No. 328371ss WHITE HOUSE STAFFING MEMORANDUM DATE: 5/18/92 ACTION/CONCURRENCE/COMMENT DUE BY: --- PRESIDENTIAL REMARKS: NATIONAL RETAIL FEDERATION SUBJECT: TUESDAY, MAY 19 - - 2:00 p.m. ACTION FYI ACTION FYI VICE PRESIDENT HORNER SKINNER MCBRIDE SCOWCROFT MOORE > DARMAN PETERSMEYER BRADY PORTER BROMLEY ROGICH CALIO ROLLINS DEMAREST > SMITH YEUTTER FITZWATER GRAY У FINDLAY HOLIDAY KAUFMAN MCGROARTY BOSKIN REMARKS: The attached has been forwarded to the President. RESPONSE: PHILLIP D. BRADY Assistant to the President and Staff Secretary Ext. 2702 THE WHITE HOUSE WASHINGTON 02 MAY 18 P|2| : 07 May 18, 1992 MEMORANDUM FOR THE PRESIDENT Iff THOUGH: DAVE DEMAREST FROM: ANDY FERGUSON at SUBJECT: NATIONAL RETAIL FEDERATION Tomorrow, at 2:00 p.m. in Room 450 you will deliver brief remarks (6 minutes) at a drop-by with the National Retail Federation. You will be receiving the NRF's Leadership in Public Service Award. Your remarks touch on the SBA and FEMA assistance made available in response to the Los Angeles crisis, but emphasize that their are much broader needs to be addressed -- problems addressed by your 6-point plan. You acknowledge the importance of a strong retail sector to overall economic strength, and describe some of the steps this administration is taking to ensure economic growth: promotion of a balanced budget amendment, curtailing federal regulation, IRS innovation, and free trade negotiations. (Ferguson/Grossman) May 15, 1992 Draft Two RETAIL PRESIDENTIAL REMARKS: NATIONAL RETAIL FEDERATION MAY 19, 1992 ROOM 450 2:00 P.M. (Acknowledgments) I'm delighted to receive this award, and to have the chance to visit with you today. I only have a short time, so allow me to speak briefly on a number of matters that I know are of concern to your industry. As you know, the recent riots in Los Angeles left a large number of retail operators and other small businesses devastated. We've responded swiftly to the needs there. The Small Business Administration and the Federal Emergency Management Agency have made massive resources available. The Federal Home Loan Bank system will offer an additional $600 million to finance the rebuilding of homes and businesses. And we've set up a special task force to cut red tape to make sure that these businesses get the help they deserve in record time. But now we need to look beyond the immediate aftermath of this tragedy. We must renew our commitment to bring hope and opportunity not just to Los Angeles but to every American city. Last week, I presented to congressional leaders a six-point action plan to do just that: our "Weed and Seed" anti-crime initiative; our HOPE housing initiative; education reform; welfare reform; strong job-training programs for young people in 2 the inner city; and enterprise zones, to bring private capital and jobs to neighborhoods that so desperately need them. I know that the retail industry has been through tough times, as have many other sectors of the economy. But there are reasons to be encouraged. In the first quarter of this year, retail sales rose a strong 3 percent. I want to assure you that we're doing everything we can from here to ensure that this growth continues. First, we in Washington need to get our own house in order. To restore fiscal discipline to the federal government, I challenge Congress to get moving on a balanced budget amendment. Second, we've been taking steps to reduce federal red tape, which too often acts as a straight jacket on your ability to compete. Every dollar you spend conforming to some government mandate is a dollar you could spend serving your customers better. As you may know, we've implemented a moratorium on new federal regulations. We're speeding up those regulations that encourage growth -- and, wherever possible, we're cancelling regulations that needlessly burden business. The days of over- regulation are just that -- over. For example, at my direction, the IRS has issued new rules to simplify the payroll tax system. The new rules will significantly reduce payroll costs for businesses. We're also launching an experimental program to let employers make tax payments electronically. There's no reason you should waste time and money doing the government's paperwork. 3 I also understand how crucial trade is to the growth of your industry. In fact, it is crucial for every American, because our economic success at home depends on our economic success abroad. I appreciate the good work the NRF has been doing on behalf of our North American Free Trade Agreement. When we get that agreement -- and we will -- we will create a $6.5 trillion market, one of the largest in the world. We're also moving forward with the GATT trade negotiations. A successful GATT agreement could pump more than $5 trillion into the global economy over ten years. The U.S. share of that promises to top $1 trillion. And that means more and better jobs for Americans, better service for your customers, and better prospects to make your businesses grow. Some call this trade policy optimistic, and they're right: I am optimistic about this country. The creativity, energy and enthusiasm of your members are the best rebuttal to the pessimists. With your help, and the help of the millions of businessmen and -women like you, America will continue to be a rising nation into the next century. Thank you for the opportunity to speak with you today, and thank you for this honor. # # # # 328371SS Document No. WHITE HOUSE STAFFING MEMORANDUM 92 MAY 18 P12. 5/15/92 92 MAY 18 All: 50 DATE: ACTION/CONCURRENCE/COMMENT DUE BY: 10: 00AM, MONDAY, MAY 1 PRESIDENTIAL REMARKS: NATIONAL RETAIL FEDERATION MAY 19, 1992 SUBJECT: ROOM 450, E.O.B. ACTION FYI ACTION FYI VICE PRESIDENT HORNER SKINNER MCBRIDE SCOWCROFT MOORE DARMAN PETERSMEYER BRADY PORTER BROMLEY ROGICH CALIO ROLLINS DEMAREST SMITH YEUTTER FITZWATER FINDLAY GRAY KAUFMAN HOLIDAY BOSKIN REMARKS: Please provide comments on the attached directly to Dan McGroarty, Rm. 122, x2930, with a copy to this office NO LATER THAN 10:00AM, MONDAY, MAY 18. Thank you. (attached has been faxed to pertinent staff travelling w/POTUS) RESPONSE: May 16, 1992 TO: DAN MCGROARTY NSC concurs with the attached. Brent B Scowcroft PHILLIP D. BRADY Assistant to the President and Staff Secretary CC: Phillip Brady Ext. 2702 (Ferguson/Grossman) May 15, 1992 Draft Two 32 MAY 15 Pl: 52 RETAIL PRESIDENTIAL REMARKS: NATIONAL RETAIL FEDERATION MAY 19, 1992 ROOM 450 2:00 P.M. (Acknowledgments) I'm delighted to receive this award, and to have the chance to visit with you today. Before I go any further, let me say a few words about Los Angeles. The recent riots, as you know, left a large number of retail operators and other small businesses devastated. We've responded swiftly to the needs there. The Small Business Association and the Federal Emergency Management Agency have made massive resources available to the businesses victimized in Los Angeles. And the Federal Home Loan Bank system will offer an additional $600 million to finance the rebuilding of homes and businesses. But now we need to look beyond the immediate aftermath of this tragedy. We must renew our commitment to bring hope and opportunity not just to Los Angeles but to every American city. Last week, I presented to congressional leaders a six-point action plan to do just that: our "Weed and Seed" anti-crime initiative; our HOPE housing initiative; education reform; welfare reform; strong job-training programs for young people in the inner city; and enterprise zones, to bring private capital and jobs to neighborhoods that so desperately need them. 2 I know that retail has been through tough times, as have many other sectors of the economy. But there are reasons to be encouraged. In the first quarter of this year, retail sales rose a strong 3 percent. I want to assure you that we're doing everything we can from here to ensure that this growth continues. We've been taking steps to reduce federal red tape, which too often acts as a straight jacket on your ability to compete. Every dollar you spend conforming to some government mandate is a dollar you could spend to serve your customers better. As you may know, we've implemented a moratorium on new federal regulations. We're speeding up those regulations that encourage growth -- and, wherever possible, we're cancelling regulations that needlessly burden business. The days of over-regulation are just that -- over. For example, at my direction, the IRS has issued new rules to simplify the payroll tax system. The new rules will save businesses billions of dollars in payroll costs. We're also launching an experimental program to let employers make tax payments electronically. There's no reason you should waste time and money doing the government's paperwork. I also understand how crucial trade is to the growth of your industry. In fact, it is crucial for every American, because our economic success at home depends on our economic success abroad. I appreciate the good work the NRF has been doing on behalf of our North American Free Trade Agreement. When 3 we get that agreement -- and we will -- we will create a $6.5 trillion trading area, one of the largest in the world. We're also moving forward with the GATT trade negotiations. A successful GATT agreement could pump $5 trillion into the global economy over ten years. The U.S. share of that promises to top $1 trillion. And that means more and better jobs for Americans, better service for your customers, and better prospects to make your businesses grow. Thank you for the opportunity to speak with you today, and thank you this honor. # # # # 328371SS Document No. WHITE HOUSE STAFFING MEMORANDUM 5/15/92 DATE: ACTION/CONCURRENCE/COMMENT DUE BY: 10: 00AM, MONDAY, MAY PRESIDENTIAL REMARKS: NATIONAL RETAIL FEDERATION MAY 19, 1992 SUBJECT: ROOM 450, E.O.B. ACTION FYI ACTION FYI VICE PRESIDENT HORNER SKINNER MCBRIDE SCOWCROFT MOORE DARMAN PETERSMEYER BRADY PORTER BROMLEY ROGICH CALIO ROLLINS DEMAREST SMITH YEUTTER FITZWATER FINDLAY GRAY KAUFMAN HOLIDAY BOSKIN REMARKS: Please provide comments on the attached directly to Dan McGroarty, Rm. 122, x2930, with a copy to this office NO LATER THAN 10:00AM, MONDAY, MAY 18. Thank you. (attached has been faxed, to pertinent staff travelling w/POTUS) RESPONSE: OK DS PHILLIP D. BRADY Assistant to the President and Staff Secretary Ext. 2702 (Ferguson/Grossman) May 15, 1992 Draft Two 2 MAY 2 15 Pl: 52 RETAIL PRESIDENTIAL REMARKS: NATIONAL RETAIL FEDERATION MAY 19, 1992 ROOM 450 2:00 P.M. (Acknowledgments) I'm delighted to receive this award, and to have the chance to visit with you today. Before I go any further, let me say a few words about Los Angeles. The recent riots, as you know, left a large number of retail operators and other small businesses devastated. We've responded swiftly to the needs there. The Small Business Association and the Federal Emergency Management Agency have made massive resources available to the businesses victimized in Los Angeles. And the Federal Home Loan Bank system will offer an additional $600 million to finance the rebuilding of homes and businesses. But now we need to look beyond the immediate aftermath of this tragedy. We must renew our commitment to bring hope and opportunity not just to Los Angeles but to every American city. Last week, I presented to congressional leaders a six-point action plan to do just that: our "Weed and Seed" anti-crime initiative; our HOPE housing initiative; education reform; welfare reform; strong job-training programs for young people in the inner city; and enterprise zones, to bring private capital and jobs to neighborhoods that so desperately need them. act 2 I know that retail has been through tough times, as have many other sectors of the economy. But there are reasons to be encouraged. In the first quarter of this year, retail sales rose a strong 3 percent. I want to assure you that we're doing everything we can from here to ensure that this growth continues. We've been taking steps to reduce federal red tape, which too often acts as a straight jacket on your ability to compete. Every dollar you spend conforming to some government mandate is a dollar you could spend to serve your customers better. As you may know, we've implemented a moratorium on new federal regulations. We're speeding up those regulations that encourage growth -- and, wherever possible, we're cancelling regulations that needlessly burden business. The days of over-regulation are just that -- over. For example, at my direction, the IRS has issued new rules to simplify the payroll tax system. The new rules will save businesses billions of dollars in payroll costs. We're also launching an experimental program to let employers make tax payments electronically. There's no reason you should waste time and money doing the government's paperwork. I also understand how crucial trade is to the growth of your industry. In fact, it is crucial for every American, because our economic success at home depends on our economic success abroad. I appreciate the good work the NRF has been doing on behalf of our North American Free Trade Agreement. When 3 we get that agreement -- and we will -- we will create a $6.5 trillion trading area, one of the largest in the world. We're also moving forward with the GATT trade negotiations. A successful GATT agreement could pump $5 trillion into the global economy over ten years. The U.S. share of that promises to top $1 trillion. And that means more and better jobs for Americans, better service for your customers, and better prospects to make your businesses grow. Thank you for the opportunity to speak with you today, and thank you this honor. # # # # THE WHITE HOUSE WASHINGTON 92 MAY 18 All : 16 May 18, 1992 MEMORANDUM FOR DAN McGROARTY FROM: ROGER B. PORTER RBP SUBJECT: Presidential Remarks: National Retail Federation We have reviewed the attached presidential remarks and have noted a few suggested changes on the draft. If you have any questions or we can be of further assistance, please let us know. CC: Phillip D. Brady 328371SS Document No. JUH WHITE HOUSE STAFFING MEMORANDUM -win -TA 5/15/92 DATE: ACTION/CONCURRENCE/COMMENT DUE BY: 10:00AM, MONDAY, MAY PRESIDENTIAL REMARKS: NATIONAL RETAIL FEDERATION SUBJECT: MAY 19, 1992 ROOM 450, E.O.B. ACTION FYI ACTION FYI VICE PRESIDENT HORNER SKINNER MCBRIDE SCOWCROFT > MOORE DARMAN PETERSMEYER BRADY PORTER BROMLEY ROGICH CALIO ROLLINS DEMAREST SMITH FITZWATER YEUTTER FINDLAY GRAY KAUFMAN HOLIDAY BOSKIN REMARKS: Please provide comments on the attached directly to Dan McGroarty, Rm. 122, x2930, with a copy to this office NO LATER THAN 10:00AM, MONDAY, MAY 18. Thank you. (attached has been faxed to pertinent staff travelling w/POTUS) RESPONSE: PHILLIP D. BRADY Assistant to the President and Staff Secretary Ext. 2702 (Ferguson/Grossman) May 15, 1992 Draft Two 2 MAY 15 2 Pl: 52 RETAIL PRESIDENTIAL REMARKS: NATIONAL RETAIL FEDERATION MAY 19, 1992 ROOM 450 2:00 P.M. (Acknowledgments) I'm delighted to receive this award, and to have the chance to visit with you today. Before I go any further, let me say a few words about Los Angeles. The recent riots, as you know, left a large number of retail operators and other small businesses devastated. We've THEIR responded swiftly to the needs there I The Small Business Association and the Federal Emergency Management Agency have made massive resources available to the businesses victimized in Los Angeles. And the Federal Home Loan Bank system will offer an additional $600 million to finance the rebuilding of homes and businesses. But now we need to look beyond the immediate aftermath of this tragedy. We must renew our commitment to bring hope and opportunity not just to Los Angeles but to every American city. Last week, I presented to congressional leaders a six-point action plan to do just that: our "Weed and Seed" anti-crime initiative; our HOPE housing initiative; education reform; welfare reform; strong job-training programs for young people in the inner city; and enterprise zones, to bring private capital and jobs to neighborhoods that so desperately need them. THE INDUSTRY 2 I know that retail V has been through tough times, as have many other sectors of the economy. But there are reasons to be encouraged. In the first quarter of this year, retail sales rose a strong 3 percent. I want to assure you that we're doing everything we can from here to ensure that this growth continues. We've been taking steps to reduce federal red tape, which too often acts as a straight jacket on your ability to compete. Every dollar you spend conforming to some government mandate is a dollar you could spend to serve your customers better. As you may know, 2 we've implemented a moratorium on new federal regulations. We're speeding up those regulations that encourage growth -- and, wherever possible, we're cancelling regulations that needlessly burden business. The days of over-regulation are just that -- over. For example, at my direction, the IRS has issued new rules to simplify the payroll tax system. The new rules will save businesses billions of dollars in payroll costs. We're also launching an experimental program to let employers make tax payments electronically. There's no reason you should waste time and money doing the government's paperwork. I also understand how crucial trade is to the growth of your industry. In fact, it is crucial for every American, because our economic success at home depends on our economic success abroad. I appreciate the good work the NRF has been doing on behalf of our North American Free Trade Agreement. When 3 we get that agreement -- and we will -- we will create a $6.5 trillion trading area, one of the largest in the world. We're also moving forward with the GATT trade negotiations. A successful GATT agreement could pump $5 trillion into the global economy over ten years. The U.S. share of that promises to top $1 trillion. And that means more and better jobs for Americans, better service for your customers, and better prospects to make your businesses grow. Thank you for the opportunity to speak with you today, and thank you this honor. # # # # accorn. CC' DFB, PWT JDF 328371SS Document No. WHITE HOUSE STAFFING MEMORANDUM 5/15/92 DATE: ACTION/CONCURRENCE/COMMENT DUE BY: 10: 00AM, MONDAY, MAY 1 PRESIDENTIAL REMARKS: NATIONAL RETAIL FEDERATION SUBJECT: MAY 19, 1992 ROOM 450, E.O.B. ACTION FYI ACTION FYI VICE PRESIDENT HORNER SKINNER MCBRIDE SCOWCROFT MOORE DARMAN PETERSMEYER BRADY PORTER BROMLEY ROGICH CALIO ROLLINS DEMAREST SMITH FITZWATER YEUTTER FINDLAY GRAY KAUFMAN HOLIDAY BOSKIN REMARKS: Please provide comments on the attached directly to Dan McGroarty, Rm. 122, x2930, with a copy to this office NO LATER THAN 10:00AM, MONDAY, MAY 18. Thank you. (attached has been faxed to pertinent staff travelling w/POTUS) RESPONSE: PHILLIP D. BRADY Assistant to the President and Staff Secretary Ext. 2702 only a have short there time conceurs: Denes our within (Ferguson/Grossman) + Budy. its, May 15, 1992 4th BAC Draft Two 2 15 Pl: 52 RETAIL MAY PRESIDENTIAL REMARKS: NATIONAL RETAIL FEDERATION MAY 19, 1992 ROOM 450 2:00 P.M. (Acknowledgments) I'm delighted to receive this award, and to have the chance to visit with you today. our Before I go any further, let me say a few words about Los Angeles. The recent riots, as you know, left a large number of retail operators and other small businesses devastated. We've responded swiftly to the needs there. The Small Business Association and the Federal Emergency Management Agency have made massive resources available to the businesses victimized in Los Angeles. And the Federal Home Loan Bank system will offer an additional $600 million to finance the rebuilding of homes and businesses. But now we need to look beyond the immediate aftermath of this tragedy. We must renew our commitment to bring hope and opportunity not just to Los Angeles but to every American city. Last week, I presented to congressional leaders a six-point action plan to do just that: our "Weed and Seed" anti-crime initiative; our HOPE housing initiative; education reform; welfare reform; strong job-training programs for young people in the inner city; and enterprise zones, to bring private capital and jobs to neighborhoods that so desperately need them. 2 I know that retail has been through tough times, as have many other sectors of the economy. But there are reasons to be encouraged. In the first quarter of this year, retail sales rose a strong 3 percent. I want to assure you that we're doing everything we can from here to ensure that this growth continues. We've been taking steps to reduce federal red tape, which although too often acts as a straight jacket on your ability to compete. Every dollar you spend conforming to some government mandate is a dollar you could spend to serve your customers better. As you may know, we've implemented a moratorium on new federal regulations. We're speeding up those regulations that encourage growth -- and, wherever possible, we're cancelling regulations that needlessly burden business. The days of over-regulation are just that -- over. For example, at my direction, the IRS has issued new rules to simplify the payroll tax system. The new rules will save businesses billions of dollars in payroll costs. We're also launching an experimental program to let employers make tax payments electronically. There's no reason you should waste time and money doing the government's paperwork. I also understand how crucial trade is to the growth of your industry. In fact, it is crucial for every American, because our economic success at home depends on our economic success abroad. I appreciate the good work the NRF has been doing on behalf of our North American Free Trade Agreement. When 3 we get that agreement -- and we will -- we will create a $6.5 trillion trading area, one of the largest in the world. We're also moving forward with the GATT trade negotiations. A successful GATT agreement could pump $5 trillion into the global economy over ten years. The U.S. share of that promises to top $1 trillion. And that means more and better jobs for Americans, better service for your customers, and better prospects to make your businesses grow. Thank you for the opportunity to speak with you today, and thank you this honor. # # # # polanced Summation: 41 oursing nation?- Budget 328371SS Document No. WHITE HOUSE STAFFING MEMORANDUM 5/15/92 DATE: ACTION/CONCURRENCE/COMMENT DUE BY: 10:00AM, MONDAY, MAY PRESIDENTIAL REMARKS: NATIONAL RETAIL FEDERATION MAY 19, 1992 SUBJECT: ROOM 450, E.O.B. ACTION FYI ACTION FYI VICE PRESIDENT HORNER SKINNER MCBRIDE SCOWCROFT N/L MOORE to other DARMAN PETERSMEYER BRADY PORTER BROMLEY ROGICH CALIO N/C ROLLINS N/C DEMAREST per Danther SMITH N/C YEUTTER FITZWATER FINDLAY GRAY KAUFMAN HOLIDAY BOSKIN REMARKS: MCGROARTY Please provide comments on the attached directly to Dan McGroarty, Rm. 122, x2930, with a copy to this office NO LATER THAN 10:00AM, MONDAY, MAY 18. Thank you. (attached has been faxed to pertinent staff travelling w/POTUS) RESPONSE: 92 MAY 15 P3 20 PHILLIP D. BRADY Assistant to the President and Staff Secretary Ext. 2702 E (Ferguson/Grossman) May 15, 1992 Draft Two 02 MAY 15 Pl: 52 RETAIL PRESIDENTIAL REMARKS: NATIONAL RETAIL FEDERATION MAY 19, 1992 ROOM 450 2:00 P.M. (Acknowledgments) I'm delighted to receive this award, and to have the chance to visit with you today. Before I go any further, let me say a few words about Los Angeles. The recent riots, as you know, left a large number of retail operators and other small businesses devastated. We've responded swiftly to the needs there. The Small Business Association and the Federal Emergency Management Agency have made massive resources available to the businesses victimized in Los Angeles. And the Federal Home Loan Bank system will offer an additional $600 million to finance the rebuilding of homes and businesses. But now we need to look beyond the immediate aftermath of this tragedy. We must renew our commitment to bring hope and opportunity not just to Los Angeles but to every American city. Last week, I presented to congressional leaders a six-point action plan to do just that: our "Weed and Seed" anti-crime initiative; our HOPE housing initiative; education reform; welfare reform; strong job-training programs for young people in the inner city; and enterprise zones, to bring private capital and jobs to neighborhoods that so desperately need them. 2 I know that retail has been through tough times, as have many other sectors of the economy. But there are reasons to be encouraged. In the first quarter of this year, retail sales rose a strong 3 percent. I want to assure you that we're doing everything we can from here to ensure that this growth continues. We've been taking steps to reduce federal red tape, which too often acts as a straight jacket on your ability to compete. Every dollar you spend conforming to some government mandate is a dollar you could spend to serve your customers better. As you may know, we've implemented a moratorium on new federal regulations. We're speeding up those regulations that encourage growth -- and, wherever possible, we're cancelling regulations that needlessly burden business. The days of over-regulation are just that -- over. For example, at my direction, the IRS has issued new rules to simplify the payroll tax system. The new rules will save businesses billions of dollars in payroll costs. We're also launching an experimental program to let employers make tax payments electronically. There's no reason you should waste time and money doing the government's paperwork. I also understand how crucial trade is to the growth of your industry. In fact, it is crucial for every American, because our economic success at home depends on our economic success abroad. I appreciate the good work the NRF has been doing on behalf of our North American Free Trade Agreement. When 3 we get that agreement -- and we will -- we will create a $6.5 trillion trading area, one of the largest in the world. We're also moving forward with the GATT trade negotiations. A successful GATT agreement could pump $5 trillion into the global economy over ten years. The U.S. share of that promises to top $1 trillion. And that means more and better jobs for Americans, better service for your customers, and better prospects to make your businesses grow. Thank you for the opportunity to speak with you today, and thank you this honor. # # # # NUME UNITED JUL OFFICE Date: EXECUTIVE OFFICE OF THE PRESIDENT OFFICE OF MANAGEMENT AND BUDGET WASHINGTON, D.C. 20503 5-18-92 NOTICE: Enclosed are comments from staff members of the Office of Management and Budget (OMB). Such comments do not necessarily represent the official position of the Director of OMB or of the Office of Management and Budget. If you wish to have the Director's personal comments, please let me know -- and contact me if you have any questions. James C. Murr Associate Director for Legislative Reference and Administration 328371SS Document No. WHITE HOUSE STAFFING MEMORANDUM 5/15/92 DATE: ACTION/CONCURRENCE/COMMENT DUE BY: 10:00AM, MONDAY, MAY PRESIDENTIAL REMARKS: NATIONAL RETAIL FEDERATION SUBJECT: MAY 19, 1992 ROOM 450, E.O.B. ACTION FYI ACTION FYI VICE PRESIDENT HORNER SKINNER MCBRIDE SCOWCROFT MOORE DARMAN PETERSMEYER BRADY PORTER BROMLEY ROGICH CALIO ROLLINS DEMAREST SMITH FITZWATER YEUTTER FINDLAY GRAY KAUFMAN HOLIDAY BOSKIN REMARKS: Please provide comments on the attached directly to Dan McGroarty, Rm. 122, x2930, with a copy to this office NO LATER THAN 10:00AM, MONDAY, MAY 18. Thank you. (attached has been faxed to pertinent staff travelling w/POTUS) RESPONSE: see comments PHILLIP D. BRADY Assistant to the President and Staff Secretary Ext. 2702 (Ferguson/Grossman) May 15, 1992 Draft Two 2 MAY 15 pl: 52 RETAIL PRESIDENTIAL REMARKS: NATIONAL RETAIL FEDERATION MAY 19, 1992 ROOM 450 2:00 P.M. (Acknowledgments) I'm delighted to receive this award, and to have the chance to visit with you today. Before I go any further, let me say a few words about Los Angeles. The recent riots, as you know, left a large number of retail operators and other small businesses devastated. We've responded swiftly to the needs there. The Small Business Association and the Federal Emergency Management Agency have made massive resources available to the businesses victimized in Los Angeles. And the Federal Home Loan Bank system will offer an additional $600 million to finance the rebuilding of homes and (GRADY businesses. We set up. a special task force to cut red tape to make x4844, Sure that these business get the help they deserve in record time. But now we need to look beyond the immediate aftermath of this tragedy. We must renew our commitment to bring hope and opportunity not just to Los Angeles but to every American city. Last week, I presented to congressional leaders a six-point action plan to do just that: our "Weed and Seed" anti-crime initiative; our HOPE housing initiative; education reform; welfare reform; strong job-training programs for young people in the inner city; and enterprise zones, to bring private capital and jobs to neighborhoods that so desperately need them. (GRADY X4844) (GRADY x4844) 2 the Sector I know that retail has been through tough times, as have many other sectors of the economy. But there are reasons to be encouraged. In the first quarter of this year, retail sales rose a strong 3 percent. I want to assure you that we're doing everything we can from here to ensure that this growth continues. We've been taking steps to reduce federal red tape, which too often acts as a straight jacket on your ability to compete. Every dollar you spend conforming to some government mandate is a dollar you could spend to serve your customers better. As you may know, we've implemented a moratorium on new federal regulations. We're speeding up those regulations that encourage growth -- and, wherever possible, we're cancelling regulations that needlessly burden business. The days of over-regulation are just that -- over. For example, at my direction, the IRS has issued new rules Note: businesses billions of dollars in payroll costs. We're also If of single to simplify the payroll tax system. The new rules will save OK Deposite, ftiming launching an experimental program to let employers make tax wage cysting payments electronically. There's no reason you should waste time a beasibility that is odly and money doing the government's paperwork. study. I also understand how crucial trade is to the growth of (Seurity) your industry. In fact, it is crucial for every American, because our economic success at home depends on our economic success abroad. I appreciate the good work the NRF has been doing on behalf of our North American Free Trade Agreement. When 3 we get that agreement -- and we will -- we will create a $6.5 trillion trading area, one of the largest in the world. We're also moving forward with the GATT trade negotiations. A successful GATT agreement could pump $5 trillion into the global economy over ten years. The U.S. share of that promises to top $1 trillion. And that means more and better jobs for Americans, better service for your customers, and better prospects to make your businesses grow. Thank you for the opportunity to speak with you today, and thank you this honor. # # # # SENT BY:Xerox Telecopier 7020 5-18-92 8:52AM OPD-> 2024566218:# 1 SENT HY:Xerox lelecopier 7020 5-15-92 ; 2:03PM The White House++ OPD:# 1 Document No. 32837185 WHITE HOUSE STAFFING MEMORANDUM 5/15/92 DATE: ACTION/CONCURRENCE/COMMENT DUE BY: 10:00AM, MONDAY, MAY 1 PRESIDENTIAL REMARKS: NATIONAL RETAIL FEDERATION SUBJECT: MAY 19, 1992 ROOM 450, E.O.B. ACTION FYI ACTION FYI VICE PRESIDENT HORNER SKINNER MOBRIDE SCOWCROFT MOORE DARMAN PETERSMEYER BRADY PORTER BROMLEY - ROGICH CALIO ROLLINS DEMAREST SMITH FITZWATER YEUTTER GRAY FINDLAY KAUFMAN HOLIDAY BOSKIN REMARKS: Please provide comments on the attached directly to Dan McGroarty, Rm. 122, x2930, with a copy to this office NO LATER THAN 10:00AM, MONDAY, MAY 18. Thank you. (attached has been faxed to partinent staff travelling w/POTUS) RESPONSE: See comments. Thanks. PK Faml Korfonta 31/50 PHILLIP D. BRADY Assistant to the President and Staff Secretary SENT BY:Xerox Telecopier 7020 : 5-18-92 ; 8:52AM ; OPD- 2024566218:# 2 SENI By:Xerox Telecopier 7020 ; 5-15-92 ; 2:03PM i The White House- OPD:# 2. (Ferguson/Gressman) May 15,1992 02 MAY 15 P | : 52 Draft Two RETAIL PRESIDENTIAL REMARKS: NATIONAL RETAIL FEDERATION MAY 19, 1992 ROOM 450 2:00 P.K. (Acknowledgments) I'm delighted to receive this award, and to have the chance to visit with you today. Before I go any further, let me say a few words about Los Angeles. The recent riots, as you know, laft a large number of retail operators and other small businesses devastated. We've responded swiftly to the needs there. The Small Business Admin excelation and the Federal Emergency Management Agency have made massive resources available to the businesses victimized in Los Angeles. And the Federal Home Loan Bank system will offer an additional $600 million to finance the rebuilding of homes and businesses. But now we need to look beyond the immediate aftermath of this tragedy. We must renew our commitment to bring hope and opportunity not just to Los Angeles but to every American city. Last week, I presented to congressional leaders a six-point action plan to do just that: our "Wead and Seed" anti-crime initiative; our HOPE housing initiative, education reform; welfare reform; strong job-training programs for young people in the inner city; and enterprise zones, to bring private capital and jobs to neighborhoods that so desparately need them. SENT BY:Xerox Telecopier 7020 5-18-92 ; 8:52AM ; OPD-> 2024566218:# 3 SENT BY:Xerox Telecopier 7020 ; 5-15-92 : 2:03PM : The White House-> OPD:# 3 2 I know that retail has been through tough times, as have many other sectors of the economy. But there are reasons to be encouraged. In the first quarter of this year, retail sales rose omer increased some more in April. (Tras) a strong 3 persent, I want to assure you that we're doing everything We can from here to ensure that this growth continues. We've been taking steps to reduce federal red tape, which too often acts as a straight jacket on your ability to compete. Every dollar you spend conforming to some government mandate is a dollar you could spend to serve your customers better. As you may know, we've implemented a moratorium on new federal regulations. We're speeding up those regulations that encourage growth -- and, wherever possible, we're cancelling regulations that needlassly burden business. The days of over-regulation are just that -- over. For example, at my direction, the IRS has issued new rules to simplify the payroll tax system. The new rules will significantly (Treas.) reduce businesses payroll costs. We're also launching an experimental program to let employers make tax payments electronically. There's no reason you should waste time and money doing the government's paperwork. I also understand how crucial trade is to the growth of your industry. In fact, it is crucial for every American, bacause our economic success at home depends on our economic success abroad. I appreciate the good work the NRF has been doing on behalf of our North American Free Trade Agreement. When SENT BY:Xerox Telecopier 7020 ; 5-18-92 ; 8:53AM ; OPD-> 2024566218:# 4 SENT Bx:Xerox Telecopier 7020 ; 5-15-92 ; 2:04PM ; The White House+ OPD:# 4 3 (USTR) we get that agreement market 1 -- and we will -- Va will create a $6.5 trillion one of the largest in the world. We're also moving forward with the GATT trade negotiations. A successful GATT agreement could pump $5 trillien into the global economy over ten years. The U.S. share of that promises to top $1 trillion. And that means more and better jobs for Americans, better service for your customers, and batter prospects to make your businesses grow. Thank you for the opportunity to speak with you today, and thank you this honor. # # # # 328371SS Document No. WHITE HOUSE STAFFING MEMORANDUM 5/15/92 DATE: ACTION/CONCURRENCE/COMMENT DUE BY: 10: 00AM, MONDAY, MAY PRESIDENTIAL REMARKS: NATIONAL RETAIL FEDERATION SUBJECT: MAY 19, 1992 ROOM 450, E.O.B. ACTION FYI ACTION FYI VICE PRESIDENT HORNER SKINNER MCBRIDE SCOWCROFT MOORE DARMAN PETERSMEYER BRADY PORTER BROMLEY ROGICH CALIO ROLLINS DEMAREST SMITH FITZWATER YEUTTER FINDLAY GRAY KAUFMAN HOLIDAY BOSKIN REMARKS: Please provide comments on the attached directly to Dan McGroarty, Rm. 122, x2930, with a copy to this office NO LATER THAN 10:00AM, MONDAY, MAY 18. Thank you. (attached has been faxed to pertinent staff travelling w/POTUS) RESPONSE: PHILLIP D. BRADY Assistant to the President and Staff Secretary Ext. 2702 (Ferguson/Grossman) May 15, 1992 Draft Two 2 MAY 15 2 Pl: 52 RETAIL PRESIDENTIAL REMARKS: NATIONAL RETAIL FEDERATION MAY 19, 1992 ROOM 450 2:00 P.M. (Acknowledgments) I'm delighted to receive this award, and to have the chance to visit with you today. Before I go any further, let me say a few words about Los Angeles. The recent riots, as you know, left a large number of retail operators and other small businesses devastated. We've responded swiftly to the needs there. The Small Business Association and the Federal Emergency Management Agency have made massive resources available to the businesses victimized in Los Angeles. And the Federal Home Loan Bank system will offer an additional $600 million to finance the rebuilding of homes and businesses. I THINK WE NEED TO- ADD A LINE OR TWO ABOUT ASSURING THE SAFTY OF THE STREETS + NEIGHBOR HOODS so FULKS CAN RISK THEMR But now we need to look beyond the immediate aftermath of this tragedy. We must renew our commitment to bring hope and opportunity not just to Los Angeles but to every American city. Last week, I presented to congressional leaders a six-point action plan to do just that: our "Weed and Seed" anti-crime initiative; our HOPE housing initiative; education reform; welfare reform; strong job-training programs for young people in the inner city; and enterprise zones, to bring private capital and jobs to neighborhoods that so desperately need them 9 LIFES INVESTMENTS WITHOUT FEAR OF BEING ROUSED on BORNED OUT STC ! 2 I know that retail has been through tough times, as have many other sectors of the economy. But there are reasons to be encouraged. In the first quarter of this year, retail sales rose a strong 3 percent. I want to assure you that we're doing everything we can from here to ensure that this growth continues. We've been taking steps to reduce federal red tape, which too often acts as a straight jacket on your ability to compete. Every dollar you spend conforming to some government mandate is a dollar you could spend to serve your customers better. As you may know, we've implemented a moratorium on new federal regulations. We're speeding up those regulations that encourage growth -- and, wherever possible, we're cancelling regulations that needlessly burden business. The days of over-regulation are just that -- over. For example, at my direction, the IRS has issued new rules to simplify the payroll tax system. The new rules will save businesses billions of dollars in payroll costs. We're also launching an experimental program to let employers make tax payments electronically. There's no reason you should waste time and money doing the government's paperwork. I also understand how crucial trade is to the growth of your industry. In fact, it is crucial for every American, because our economic success at home depends on our economic success abroad. I appreciate the good work the NRF has been doing on behalf of our North American Free Trade Agreement. When 3 we get that agreement -- and we will -- we will create a $6.5 trillion trading area, one of the largest in the world. We're also moving forward with the GATT trade negotiations. A successful GATT agreement could pump $5 trillion into the global economy over ten years. The U.S. share of that promises to top $1 trillion. And that means more and better jobs for Americans, better service for your customers, and better prospects to make your businesses grow. Thank you for the opportunity to speak with you today, and thank you this honor. # # # # Memorandum for Speechwriting Staff From: Dan McGroarty Regarding: not. Retail Fed. Please return your comments to Room 122 by: 9 AM, Non. Today's Date: 5/15 (Ferguson/Grossman) May 15, 1992 Draft Two RETAIL PRESIDENTIAL REMARKS: NATIONAL RETAIL FEDERATION MAY 19, 1992 ROOM 450 2:00 P.M. (Acknowledgments) I'm delighted to receive this award, and to have the chance to visit with you today. Before I go any further, let me say a few words about Los Angeles. The recent riots, as you know, left a large number of retail operators and other small businesses devastated. We've responded swiftly to the needs there. The Small Business Association and the Federal Emergency Management Agency have made massive resources available to the businesses victimized in Los Angeles. And the Federal Home Loan Bank system will offer an additional $600 million to finance the rebuilding of homes and businesses. But Weall know that money alone cannot fix whatis broken in the Cityof But now we need to look beyond the immediate aftermath of angels. this tragedy. We must renew our commitment to bring hope and opportunity not just to Los Angeles but to every American city. Last week, I presented to congressional leaders a six-point action plan to do just that: our "Weed and Seed" anti-crime initiative; our HOPE housing initiative; education reform; welfare reform; strong job-training programs for young people in the inner city; and enterprise zones, to bring private capital and jobs to neighborhoods that so desperately need them. 2 I know that retail has been through tough times, as have many other sectors of the economy. But there are reasons to be encouraged. In the first quarter of this year, retail sales rose a strong 3 percent. I want to assure you that we're doing everything we can from here to ensure that this growth continues. We've been taking steps to reduce federal red tape, which too often acts as a straight jacket on your ability to compete. Every dollar you spend conforming to some government mandate is a dollar you could spend to serve your customers better. As you may know, we've implemented a moratorium on new federal regulations. We're speeding up those regulations that encourage getting ridof growth -- and, wherever possible, we're cancelling regulations that needlessly burden business. The days of over-regulation are just that -- over. For example, at my direction, the IRS has issued new rules to simplify the payroll tax system. The new rules will save businesses billions of dollars in payroll costs. We're also launching an experimental program to let employers make tax payments electronically. There's no reason you should waste time and money doing the government's paperwork. I also understand how crucial trade is to the growth of your industry. In fact, it is crucial for every American, because our economic success at home depends on our economic success abroad. I appreciate the good work the NRF has been doing on behalf of our North American Free Trade Agreement. When 3 we get that agreement -- and we will -- we will create a $6.5 trillion trading area, one of the largest in the world. We're also moving forward with the GATT trade negotiations. A successful GATT agreement could pump $5 trillion into the global economy over ten years. The U.S. share of that promises to top $1 trillion. And that means more and better jobs for Americans, better service for your customers, and better prospects to make your businesses grow. Thank you for the opportunity to speak with you today, and thank you this honor. May God bless # # # # Memorandum for Speechwriting Staff From: Dan McGroarty Regarding: not. Retail Fed. Please return your comments to Room 122 by: 9XM, am. Today's Date: 5/15 (Ferguson/Grossman) May 15, 1992 Draft Two RETAIL PRESIDENTIAL REMARKS: NATIONAL RETAIL FEDERATION MAY 19, 1992 ROOM 450 2:00 P.M. (Acknowledgments) I'm delighted to receive this award, and to have the chance to visit with you today. Before I go any further, let me say a few words about Los Angeles. The recent riots, as you know, left a large number of retail operators and other small businesses devastated. We've responded swiftly to the needs there. The Small Business Association and the Federal Emergency Management Agency have made massive resources available to the businesses victimized in Los Angeles. And the Federal Home Loan Bank system will offer an additional $600 million to finance the rebuilding of homes and businesses. But now we need to look beyond the immediate aftermath of this tragedy. We must renew our commitment to bring hope and opportunity not just to Los Angeles but to every American city. Last week, I presented to congressional leaders a six-point action plan to do just that: our "Weed and Seed" anti-crime initiative; our HOPE housing initiative; education reform; welfare reform; strong job-training programs for young people in the inner city; and enterprise zones, to bring private capital and jobs to neighborhoods that so desperately need them. 2 I know that retail has been through tough times, as have many other sectors of the economy. But there are reasons to be encouraged. In the first quarter of this year, retail sales rose a strong 3 percent. I want to assure you that we're doing everything we can from here to ensure that this growth continues. We've been taking steps to reduce federal red tape, which too often acts as a straight jacket on your ability to compete. Every dollar you spend conforming to some government mandate is a dollar you could spend to serve your customers better. As you may know, we've implemented a moratorium on new federal regulations. We're speeding up those regulations that encourage growth -- and, wherever possible, we're cancelling regulations that needlessly burden business. The days of over-regulation are just that -- over. For example, at my direction, the IRS has issued new rules to simplify the payroll tax system. The new rules will save businesses billions of dollars in payroll costs. We're also launching an experimental program to let employers make tax payments electronically. There's no reason you should waste time and money doing the government's paperwork. I also understand how crucial trade is to the growth of your industry. In fact, it is crucial for every American, because our economic success at home depends on our economic success abroad. I appreciate the good work the NRF has been doing on behalf of our North American Free Trade Agreement. When 3 we get that agreement -- and we will -- we will create a $6.5 trillion trading area, one of the largest in the world. We're also moving forward with the GATT trade negotiations. A successful GATT agreement could pump $5 trillion into the global economy over ten years. The U.S. share of that promises to top $1 trillion. And that means more and better jobs for Americans, better service for your customers, and better prospects to make your businesses grow. Thank you for the opportunity to speak with you today, and thank you this honor. # # # #