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Entries in NH Sen Bradley (56)

Thursday
Jan082015

NH Sen Bradley backs Sanborn's Tax Amnesty to help taxpayers catch up 

The New Hampshire Senate

Republican Majority Office

 

Dedicates revenues for one-time expenses

 

Concord, NH– Senate Majority Leader Jeb Bradley (R-Wolfeboro) today added his support to a Tax Amnesty Program Bill proposed by Sen. Andy Sanborn (R-Bedford). The program would let taxpayers pay back taxes owed to the State of New Hampshire without interest or penalties during a short window. Sanborn’s bill would use the one-time revenue generated by the program to set up a New Hampshires first taxpayer E-File system, and to provide a one-time boost to state aid to local road construction projects. Bradley says that Sanborn’s bill would give taxpayers struggling through the recent recession a chance to fulfill their obligations.

 

“New Hampshire has allowed a brief Tax Amnesty window twice before, and both have been successful,” Sanborn said. “But it’s important that we use this one-time revenue for one-time expenses, and not as a cash grab to make up for overspending in the current budget.”

 

“Senator Sanborn’s bill is the fiscally responsible way to implement a Tax Amnesty Program,” Bradley continued. “The fiscally responsible way to address our current deficit is to make sure state spending stays within the budget overwhelmingly approved by the Legislature and signed by the Governor.”

Wednesday
Jan072015

NH Sen Bradley Applauds Temporary Unemployment Insurance Rate Reduction

Only economic growth will deliver permanent rate relief for employers

 

Concord, NH – Senate Majority Leader Jeb Bradley (R-Wolfeboro) today applauded the half-percent reduction in Unemployment Compensation Surcharges on New Hampshire business, announced by Labor Commissioner George Copadis.

 

“I want to thank Commissioner Copadis for his stewardship of the Unemployment Trust Fund, which made today’s announcement possible,” Bradley said. “There’s more work to be done, as all employers are still paying a 0.5% more than they would if the Trust Fund were fully funded. And the rate will automatically increase in three months if we can’t get New Hampshire’s economy moving.”

New Hampshire businesses have been paying higher UC rates since 2004, when the Unemployment Trust Fund dropped below $300 million. As the Trust Fund rebounded, three of the four surcharges have now been removed. But the Department of Labor now projects that the UC Trust Fund will drop below $275 million next quarter, increasing rates by 0.5% for the rest of the year.

 

“In order to deliver permanent rate relief to New Hampshire employers, we need to not only protect the UC Trust Fund, but grow the New Hampshire economy,” Bradley added. “Republican tax reforms are already helping boost New Hampshire’s economy, and that will be our focus throughout this session.”

 

Thursday
Dec112014

NH Sen Bradley hails Supreme Court decision upholding NH Retirement System reforms 

The New Hampshire Senate

Republican Majority Office

Bradley, Carson hail Supreme Court decision upholding NH Retirement System reforms

 

Concord, NH – Senate Majority Leader Jeb Bradley (R-Wolfeboro) today hailed the New Hampshire Supreme Court decision in PFFNH v NH,  upholding key legislative reforms to the New Hampshire Retirement System.

 

“I’m encouraged that the Supreme Court has upheld the right and duty of the Legislature to amend and improve the New Hampshire Retirement System. Unless we can address the $5 billion unfunded liability in our state pension system, both taxpayers and workers would be left with a huge financial burden. This decision affirms the Legislature’s ability to make the changes we’ll need to preserve the New Hampshire Retirement System, protect taxpayers, and maintain employee jobs.”

 

Sen. Bradley was prime sponsor of SB 3 in 2011, which was incorporated into the FY 12-13 budget. Senate Executive Departments and Administration Committee Chair Sharon Carson (R-Londonderry) thanked Bradley for his leadership on pension reform, and said the next Legislature would continue the effort to shore up the New Hampshire Retirement System.

 

“In 2011, Senator Bradley led the way to make necessary and fair changes to begin reforming the New Hampshire Retirement System. We preserved a generous pension benefit for public sector workers, and in return asked for slightly higher contributions, asked some younger beneficiaries to work 25 years instead of 20 years, and addressed long-ignored abuses to the system. This was a first step in ensuring that public sector workers across New Hampshire have a viable pension system for years to come.”

 

Friday
Nov142014

NH Sen. Bradley Files Legislation to Further Expand Research and Development Tax Credit

The New Hampshire Senate

Republican Majority Office

Concord, NH- Senate Majority Leader Jeb Bradley (R-Wolfeboro) announced today he has filed legislation to further expand the Research and Development Tax Credit. The Legislature recently doubled the tax credit to $2 million but there is significantly more demand than that amount.  Bradley’s legislation will expand the potential amount allowed to $7 million.  

 

 “Expanding the Research and Development Tax Credit is one of the most proactive and cost effective measures that New Hampshire policy makers can undertake to retain and grow our critically important advanced manufacturing high tech economy and the good jobs that depend upon it. Encouraging job growth must be a top priority for the 2015 legislative session,” he said.  

 

 Bradley said he expects the legislation will receive broad bipartisan support as well as strong support from business leaders as did similar legislation that previously expanded this tax credit.

 

Thursday
Nov132014

NH Senate Republicans - Bradley opposes "Paddle Tax" 

The New Hampshire Senate

Republican Majority Office

 

The “Paddle Tax” is Not a Solution to NH’s Budget Deficit

 

Senate Majority Leader Jeb Bradley (R-Wolfeboro) issued the following statement concerning a new “Paddle Tax” to fund the NH Department of Fish & Game: 

“During the long gubernatorial campaign this year, Governor Hassan consistently talked about the bi-partisan budget that was passed that included no taxes and fees. 

“Less than a week after ballots have been cast, we are now hearing about a proposal to tax canoes, kayaks and other non-motorized watercraft. 

“The "paddle tax" is not a solution for dealing with budget issues and should not even be considered. It will hurt tourism, be largely unenforceable, and raise little revenue. 

“The LLC tax and the Camping Tax were bad ideas that had to be repealed. The Paddle Tax should not even be proposed.”