Petition Text: 22704-CS-NonDis-O

Understanding Petition Numbers

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Whereas, Section 936 of the Internal Revenue Code of the United States allows that corporations be established in Puerto Rico with tax exempt benefits to provide employment and economic development through the Caribbean Basin Initiative; and

Whereas, these corporations generate approximately 300,000 direct and indirect jobs, which constitute a vital part of the economy of Puerto Rico; and

Whereas, the earnings generated by the employees of these companies generate financial benefits for Puerto Rico; and

Whereas, the new Republican Congress, with the support of the Commissioner Resident of Puerto Rico, Hon. Carlos Romero Barceló and the Governor of Puerto Rico, Hon. Pedro Rosselló González, have proposed the elimination of this Section 936 so as to balance the national budget in seven years; and

Whereas, the elimination of Section 936 will cause great harm to the economy of Puerto Rico; and

Whereas, The United Methodist Church fosters and promotes a society where it is more dignified to work for a living than depend on others for subsistence;

Therefore, be it resolved, that the funds being deposited in Puerto Rico be kept there so that low interest loans be available in Puerto Rico for the use of Puerto Ricans; and

Be it further resolved, that the General Conference of The United Methodist Church support the maintaining of Section 936 of the Internal Revenue Code and that this support be communicated to President William Jefferson Clinton and members of the U.S. Congress.

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Petition Text: 22704-CS-NonDis-O
1996 United Methodist General Conference