Press Releases

 

Wednesday
Mar042015

NH Senate Republicans - ICYMI- Lowering business taxes will boost NH economy 

Union Leader Masthead.jpg

Lowering business taxes will boost NH's economy

March 3, 2015

By Sen. Chuck Morse 

 

I'm proud that New Hampshire is the only state without a broadbased sales or income tax. That distinction has long been the cornerstone of our state’s reputation as a business friendly destination and the economic engine of the Northeast. But we’ve coasted on that reputation for too long and allowed other states to surpass us as we levy more and more taxes on the backs of business owners.

 

Recently, the Tax Foundation ranked New Hampshire 48th in the nation for corprate tax competitiveness. Our overall tax climate is still among the best in the country, but for businesses looking to move or expand, New Hampshire has ceased to be a friendly place.

 

We’ve taken steps in recent years to improve our business climate. We have increased the threshold for the business enterprise tax, removed a job-destroying tax on trust companies, and established the research and development tax credit. But we haven’t touched our business tax rates, which are growing ever more burdensome as our neighbors make their states more competitive. Nationally, 27 states have lowered taxes over the last two years. New Hampshire is getting left behind. 

Since 2001, New Hampshire businesses have paid a crushing 8.5 percent business profits tax. Now that Rhode Island is lowering its corporate tax rate, we would be left with the highest corporate tax rate in New England. This is a punishing tax on business success, and it hits nearly everyone in the private sector. Charlie Arlinghaus of the Josiah Bartlett Center calculates that the 15,000 business that pay the tax each year employ more than 95 percent of our state’s private-sector workers.

 

In 2001, the Legislature also increased the business enterprise tax to 0.75 percent. This tax hits even small businesses that don’t turn a profit, since it taxes business activity. This is triple the rate at which the BET was introduced in the 1990s, and it makes it harder for innovative startups to get off the ground.

 

Senate Republicans have put forward a plan to restore our ability to attract and retain businesses. We have introduced a pair of bills to gradually lower the BPT and the BET over the next three budget cycles.

Ramping down the BPT to 7.9 percent and lowering the BET by 10 percent will provide real tax relief to businesses employing 95 percent of New Hampshire’s private-sector workforce. And that will make it easier for our businesses to grow and create new jobs. It will also send a strong signal nationally and internationally that the Granite State is again open for business.

 

Tax reform is an important priority for Senate Republicans in the next budget, and we’ve taken care to implement tax reform in a fiscally responsible manner. That’s why our plan prudently phases in tax rate cuts over three budgets.

 

In the next budget, carving back the BPT and the BET would reduce business tax revenues $15 million a year from the current base of $568 million. That’s about a quarter of 1 percent of our total state budget.

 

But that tax base is not going to stay flat. As our economy grows, the projected increase in business tax revenues would more than offset the rate reduction. That means budget writers would have at least as much revenue to pay for state spending as this year.

 

This extremely conservative outlook doesn’t even take into account the boost to the New Hampshire economy that cutting business taxes would generate.

 

Our current budget spends more than $10.5 billion over two years. We can clearly afford $15 million a year to improve New Hampshire’s business tax climate. Budgets are about priorities, and improving New Hampshire’s stagnant economy will be a top priority as we craft the next state budget.

 

I urge my colleagues to join me in supporting these vital business tax cuts when we debate them on the Senate floor this Thursday.

 

Sen. Chuck Morse, R-Salem, is president of the New Hampshire Senate. 

Wednesday
Mar042015

NHDP - Fact Check: Karl Rove Dumps More Dark Money Into NH as Desperation Grows 

Terrified About Kelly Ayotte Losing, Rove Launches Another Dishonest Ad to Try to Buy New Hampshire
 
Concord, N.H. – As Washington Republicans grow increasingly terrified about Kelly Ayotte losing, Karl Rove’s dark money group launched another dishonest ad to try to buy New Hampshire.
 
"The latest dishonest ad from Karl Rove's dark money group makes one thing clear: Rove and his special interest donors are terrified about Kelly Ayotte losing. And they should be," said New Hampshire Democratic Party Chair Ray Buckley
 
"Ayotte is polling significantly below 50% because she's proven time and again that she's more focused on raising her national profile than looking out for the people and businesses of New Hampshire," added Buckley.  
 
"No matter how many false ads Washington Republicans run, they won't be able to distract from the fact that Ayotte puts her own political ambition first no matter the cost. Just ask the first responders who may still face a shutdown at the Department of Homeland Security because Ayotte held funding for the agency hostage for weeks to appease her Tea Party base,” concluded Buckley
 
See below for a complete fact check of Karl Rove’s false ad:
 
Crossroads: “When money’s tight, we set priorities. Governor Hassan’s budget made her priorities clear: more spending, higher taxes, and no real innovation. A disappointment.”
 
Fact: Governor Hassan’s budget makes the difficult, fiscally responsible decisions needed to balance the budget – without an income or sales tax – while investing in the priorities necessary to seize our full economic potential. The Governor’s fiscally responsible budget cut total agency budget requests by more than $1 billion and general funds requests by more than $523 million, and budgets many state agencies at or below FY 2015 levels.
 
The Governor’s budget keeps total spending increases to 6.4 percent over two years – far below historic averages – and allows New Hampshire to continue to make progress on key priorities. Adjusted for inflation, the 2016 general and education trust fund budget is at least $250 million less than the state spent in 2004.
 
The budget also draws on recommendations of the Governor’s Innovation Commission including increasing flexibility for state managers, expanding the state’s efforts to centralize key services, consolidating some function areas, and hiring a Chief Operating Officer – like at least five Republican governors have done – who will focus on driving efficiency.
 
Crossroads: “Hassan’s budget would even add a tax that hits lower income people hardest.”
 
Fact: Cigarette taxes have proven to be one of the most effective ways to prevent youth smoking. The Governor’s budget proposes raising the cigarette tax by 21 cents, which would still keep New Hampshire’s cigarette tax below our surrounding states.
 
Crossroads: “And sizable increases in business taxes that could hurt jobs.”
 
Fact: What the Governor’s budget actually does is increases a business tax exemption and makes sure that all families and businesses are playing by the same rules – rules that simply say they have a reasonable basis for claiming the tax deduction. The same rules existed until two years ago and exist for every other tax deduction across the nation.
 
Crossroads: “Worse, Hassan’s budget bets on a risky Keno gambling scheme to pay for more spending.”
 
Fact: Six of the ten most lucrative Keno locations in Massachusetts are located within five miles of the New Hampshire border. Allowing Keno and self-service lottery terminals machines would help bring that revenue back to New Hampshire to invest in our priorities.
 
The revenue changes included in the Governor’s budget will not diminish New Hampshire’s standing as having one of the lowest tax burdens in the nation.
 
Crossroads: “Tell your legislators Governor Hassan’s budget sets the wrong priorities for New Hampshire.”
 
Fact: Karl Rove and his out-of-state, dark money donors should stop trying to lecture Granite Staters on the right priorities for New Hampshire.
Wednesday
Mar042015

US Rep Guinta announces two town halls next week 

banner

WASHINGTON. D.C. – Congressman Frank Guinta will be hosting two town halls next week, one in Hooksett and the other in Dover.  These are vital to the legislative process and serve to update Granite Staters on his work in Washington while receiving important feedback.  These town halls represent the fourth and fifth of this term.

 

The Dover town hall will be focused on issues related to our veterans while the Hooksett venue will focus more broadly on any and all issues of concern to Granite Staters.

 

Fourth town hall of the year

 

WHAT:  Congressman Guinta hosts fourth town hall of the year

 

WHO:  Constituents of the First Congressional District of the New Hampshire and members of the press are invited to attend.

 

WHERE: Hooksett Police Department, 15 Legends Drive, Hooksett, New Hampshire 03106.

 

WHEN:  Monday, March 9th from 5:30 p.m. to 6:45 p.m.

 

Fifth townhall of the year focused on our veterans

 

WHAT:  Congressman Guinta hosts fifth town hall of the year

 

WHO:  Constituents of the First Congressional District of New Hampshire interested in discussing veterans issues and members of the press are invited to attend.

 

WHERE: McConnell Center, 61 Locust Street, Dover, New Hampshire, 03820.

 

WHEN:  Wednesday, March 11 from 5:30 p.m. – 6:30 p.m.

 

###

Wednesday
Mar042015

RickPac - Statement by Gov. Perry regarding Israeli Prime Minister Netanyahu's address to Congress 

New York -- Today, Gov. Rick Perry released the following statement regarding Israeli Prime Minister Netanyahu's address to Congress:

“President Obama’s treatment of Israel is deplorable and a sad chapter in our bilateral relations. Congressional Republicans were right to invite Prime Minister Netanyahu to speak. Benjamin Netanyahu believes President Obama’s nuclear deal with Iran is such a serious threat that he is willing to complicate his own relations with the Obama administration to speak to the American people and Congress about it. When we’re talking about the nuclear program of the world’s leading state sponsor of terrorism, I want more debate -- not less. I want Israel treated with the respect they deserve as our oldest and strongest democratic ally in the Middle East -- not like a problem to be managed.” -- Governor Rick Perry

Wednesday
Mar042015

NHDP - VP Wannabe Kelly Ayotte Testing the Waters with Lindsey Graham 

Ayotte Featured at Washington “Social Club” Fundraiser for Lindsey Graham’s Presidential Campaign-in-Waiting
 
Concord, N.H. – Vice Presidential wannabe Kelly Ayotte today is testing the waters with Lindsey Graham as she tries to position herself for a spot on the ticket by raising money for Graham’s presidential campaign-in-waiting.
 
And Ayotte isn't wasting any time, the event at a Capitol Hill “social club” has the distinction of being “Washington’s first official 2016 fundraiser” according to the Washington Post.
 
“It was already crystal clear from her extensive political travel and frequent Fox News appearances that Kelly Ayotte is after one thing, and one thing only: a shot at the Vice Presidency,” said New Hampshire Democratic Party Chair Ray Buckley.
 
“Kelly Ayotte needs to spend less time trying to get on the Lindsey Graham for President ticket and more time looking out for the people and businesses of New Hampshire," added Buckley.
 
“Granite Staters deserve better than a politician who has already left them behind for a shot at national office,” concluded Buckley.