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Entries in Business Development (50)

Wednesday
May272015

NHDP - NH Senate GOP Cuts Critical Economic Priorities to Give Big Businesses More Tax Giveaways 

Business Tax Giveaways Would Cost More Than Continuing Medicaid Expansion

Concord, N.H. – Republicans on the Senate Finance Committee voted today to give big businesses more tax giveaways while making small businesses and middle class families pay the price.
 
Senate Republicans’ big business tax giveaways would cost $15 million in the next biennium, which is more than the cost of continuing the state’s successful Medicaid expansion program for 40,000 Granite Staters.
 
Not to mention that Senate Republicans have also proposed cutting more than $3 million from the Governor’s proposal for substance misuse treatment and defunding the state’s landmark mental health settlement.
 
“Senate Republicans are putting their majority at risk as they vote for more big business tax giveaways while cutting critical economic priorities and threatening health coverage for 40,000 Granite Staters,” said New Hampshire Democratic Party Chair Ray Buckley. “From cutting funding for substance misuse treatment to refusing to continue New Hampshire’s successful Medicaid expansion program, Senate Republicans’ budget proposal would hurt the health and economic wellbeing of our communities and undermine the state’s ability to lay the foundation of a new generation of economic growth.”

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Wednesday
May272015

NH Senate Finance votes to grow jobs in New Hampshire 

Concord, NH – Today, the Senate Finance Committee voted to help increase job growth in New Hampshire by reducing the state’s Business Enterprise Tax and the Business Profits Tax, providing tax relief to business employing 95% of New Hampshire’s private sector workforce. The Committee voted to lower the BPT from 8.5% to 8.3%, and to reduce the BET from 0.75% to 0.725% in 2017. Both taxes would drop twice over the next four years, with the BPT ending at 7.9% and the BET at 0.675% by 2020.

The Senate Finance Committee also passed an increase for the Research and Development Tax Credit to $7 million dollars, more than tripling the amount available to businesses, as part of the budget proposal.

“We have done a great job in providing funding for the state’s most vulnerable citizens in this budget proposal by restoring cuts to Meals on Wheels, Service Link, the Development Disability Waitlist, and other critical services, while also maintaining a balanced budget that lives within our means.  While taking care of those most in need is a priority, it is also crucial that we help grow jobs in New Hampshire,” said Senate President Chuck Morse (R-Salem).  

“New Hampshire has some of the highest business taxes in the country and by reducing these rates, we expect to see Granite State business owners create new jobs and provide pay raises to their employees living and working here,” said Senate Majority Leader Jeb Bradley (R-Wolfeboro), who sponsored legislation to reduce the Business Profits Tax and increase the Research and Development Tax Credit.

“Lowering business tax rates and increasing resources for businesses to conduct research and development initiatives will not only provide a much needed, long-term incentive for companies to grow their business in the State, but it will also drive the economy for more than 32,000 small business owners, and attract new businesses to move here. Overall, these critical business priorities will restore the strong foundation for an energized economy in the state of New Hampshire,” Bradley added.

“New Hampshire’s corporate taxes rank 48th in the country, and if we don’t lower them, we will soon be the highest in New England. That stifles economic growth, and the Senate has been committed to helping improve New Hampshire’s economy,” said Andy Sanborn (R-Bedford), prime sponsor of legislation lowering the Business Enterprise Tax.

“I am thankful for the Senate Finance Committee’s vote to include lower business tax rates in the Senate budget proposal, and for their support of creating jobs in the state. By making these reductions, we are allowing business owners to devote their resources to growing their businesses and creating new job opportunities,” Sanborn continued. 

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Friday
May012015

House Finance Committee Gives Boost to Future Development in the North Country

HOUSE BANNER

Senate  Bill 30 Now Moves to the Full House for Approval

 

 

 

Concord—The future of tourism, job creation and development in the state’s North Country and other rural areas received a boost today when the Republican led House Finance committee unanimously approved a bill (SB 30) authorizing the Business Finance Authority to guarantee bonds for projects in unincorporated towns in New Hampshire.

 

While the legislation still must receive approval from the full House and the governor, Speaker Jasper called it a good step toward revitalizing the northern part of the state, “For those of us who campaigned on a platform of supporting policies that would create jobs and help our economy, this is an opportunity to fulfill that promise.  This legislation lays the foundation for new economic development in Coos county, where unemployment rates are highest in the State, and paves the way for similar growth opportunities in other rural areas,” said Speaker Jasper.

 

The bill extends the local option for municipal economic development and revitalization districts to include unincorporated places in addition to cities and towns.  Twenty-three of the twenty-five unincorporated places in the state are located in Coos county, with the other two located in Carroll and Grafton counties.

 

“There is no silver bullet when it comes to staving off economic hardship, but SB 30 gives the area a rock solid chance of reinventing itself with the state’s assistance, and bringing prosperity back to an economically challenged area of our state. I look forward to the day when the governor can sign this bill and economic development in our rural areas can move forward.,” added the speaker.

 

If the bill is passed and signed by the governor, it would allow projects in the unincorporated towns of the state to apply for bond guarantees through the normal state  Business Finance Authority (BFA) process, which would also require a full review and approval by the Governor.

 

The bill will come before the full House for a vote on Wednesday, May 6, 2015.

 

Wednesday
Oct292014

Daily Signal - Does Hillary Clinton Hate Business? 

The Daily Signal

October 29, 2014

Morning Bell

Does Hillary Clinton Hate Business?

Daily Policy Focus: Clinton says she didn't really mean this comment: "Don't let anybody tell you that it’s corporations and businesses that create jobs." But actions speak louder than words. What has she ever done to help businesses grow?

Read More
 

How a 'Crazy' Runoff Vote in This State Could Decide Control of the Senate

The U.S. Senate race here was supposed to be a gimme for Republicans. After all, it's a reliably red state in the Deep South.

Read More
 

6 Reasons Why the Fed Is Not So Great

One reason: The average time of recovery from recessions is actually longer since the creation of the Federal Reserve.

See the Infographic
 

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Thursday
Oct092014

CEI Today: Clean Air Act reform, EPA buries good news, and the need to defend business 

Wednesday, Oct. 7, 2014
In the News Today

 

CEI PUSHES AIR LAW REFORM - WILLIAM YEATMAN

Inside EPA: CEI Pushes Air Law Reform To Bolster State-EPA 'Cooperative Federalism'

 

Conservative think tank the Competitive Enterprise Institute (CEI) is suggesting Congress pursue Clean Air Act amendments to correct what it sees as an imbalance in the air law's "cooperative federalism" balance between EPA's regulatory powers and those given to states, saying lawmakers need to strengthen states' air law authority.  > Read more


> Interview William Yeatman

 

EPA BURIES GOOD NEWS - MARLO LEWIS  

Globalwarming.org: Good News on Air Quality Not Featured on EPA’s Web Site

 

This week EPA updated its annual Air Quality Trends, and the news is fanastic. “National average air quality continues to improve as emissions decline through 2013,” EPA reports.

But that’s not what EPA features as “News” on its Web site.
> Read more   


> Interview Marlo Lewis

 

DEFENDING BUSINESS - FRED L. SMITH, JR.

Defending the Virtue of the Business World at Home and Abroad


A new CNBC/Burson-Marsteller poll on attitudes toward business in both developed and emerging economies reveals some troubling findings. While business leaders in the U.S. and other developed nations view themselves and their firms favorably, the public’s view is less positive.  More striking is the gap in public opinion with more positive views in developing nations—even supposedly socialist ones—than in the West. > Read more

> Interview an expert

 

CEI’s Battered Business Bureau: The Week in Regulation

The Federal Register topped the 60,000-page mark on Friday, and is on pace for the 6th-highest page count in its 79-year history. Along the way, new regulations cover everything from 5K races to how magnets work.

 

More in the news...

CalPERS: It Came from Sacramento

Results of "Cash for Appliances"

How Unlawful Is EPA’s Clean Power Plan?

CEI Awards Pro-Worker Senators

 

 

New Mexico Workers and Industry Would Benefit from Right to Work - See more at: http://workplacechoice.org/#sthash.04F3Iq2B.dpuf
 

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Journalist Carrie Sheffield
CEI Warren T. Brookes Journalism Fellow