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Entries in NH Sen Morse (29)

Thursday
Jul022015

NH Sen. Chuck Morse- To Compete, NH must lower business taxes 

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July 1, 2015

To Compete, New Hampshire must lower business taxes

By Sen. Chuck Morse

 

THE NEW Hampshire Advantage used to be easier. No sales tax. No income tax. Rely on our neighboring states to do something uncompetitive.

New Hampshire had always been able to make our state a competitive place to do business simply by avoiding the mistakes of those around us.

But our friends and neighbors are catching on by actively lowering barriers to businesses. They are creating jobs far faster than we are. If New Hampshire is going to compete for jobs and economic growth, we need to reform our business tax climate. What we are doing clearly isn’t working. New Hampshire is lagging behind. A recent report from The Pew Charitable Trusts ranks us in the bottom 10 for job creation since the last recession.

The Tax Foundation ranks New Hampshire 48th for corporate taxes. The business profits tax sits at 8.5 percent, while Massachusetts and Rhode Island have lowered their rates to drop below us. And no other state has anything comparable to the Business Enterprise Tax, which charges entrepreneurs 0.75 percent on their payroll and investments, whether or not the business is making money. If we do nothing, New Hampshire will soon have the highest business taxes in New England.

The Legislature has approved a plan to make our business climate more competitive, providing tax relief to our state’s private-sector employers and sending a signal that the Granite State is again open for business. By phasing in modest reductions in the BPT and BET over the next five years, we can lower the BPT by 7 percent and the BET by 10 percent.

That would lower the cost of doing business in New Hampshire and leave our employers with more money to reinvest in their businesses, add jobs or provide pay raises to their existing employees. Businesses employing 95 percent of our state’s private-sector workforce would get a tax cut. This would be the first reduction in the BPT in 20 years, and the first time we’ve cut the rate of the BET, ever.

Our plan for cutting business taxes was included in New Hampshire’s operating budget and accounted for the $21 million in tax relief to ensure the budget is balanced. To put this in perspective, enacting the modest reductions costs $21 million out of an $11.3 billion budget, equalling .2 percent, rounded up.

Unfortunately, Gov. Maggie Hassan does not believe we can afford a modest reduction in our business tax rates, and she vetoed the entire budget. But if now is not the right time to lower business tax rates, when is the right time? Her action leaves our state without a budget, but state government will continue to operate under a six-month continuing resolution at current funding levels.

It also leaves us with business tax rates that are too high to compete well. We should not settle for being 48th in the country. Maintaining the status quo means we maintain the status quo.

We want to do more to encourage businesses to move here and to encourage the ones that are here to add jobs and pay their employees more. Doing nothing eliminates increased opportunities to have good jobs that could keep young people in our state. Ask the parents of graduating students, have those students been able to find jobs? For too many families and newly graduated students, the answer is no. We need to do more.

With her steadfast opposition to lowering business tax rates and consistently proposing tax increases throughout her career, Gov. Hassan seems to have decided that businesses are the enemy. Her rhetoric attacks us for trying to help “out of state corporations,” which is not only false, it misses the point entirely.

Our business tax cuts would benefit every business that pays taxes in New Hampshire. That covers 95 percent of the private-sector workforce. From mom and pop stores to Market Basket, and from startups to BAE Systems, we want all of our businesses to thrive and create new jobs. Attacking good employers who happened to be headquartered out of state is short-sighted and remarkably counterproductive.

We’ve made great strides this year to lower workers’ compensation costs, lower electric rates and update our banking and securities laws. Lowering business taxes is the next necessary step to reviving the New Hampshire economy, and the appropriate time is right now. Gov. Hassan says tax relief comes “at the expense of critical economic priorities.” We strongly disagree with her. Jump starting New Hampshire’s job creators is an economic priority.

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

Friday
Jun262015

NH Senate President’s Statement on Governor ’s Budget Veto 

Concord, NH – Senate President Chuck Morse (R-Salem) released the following statement in response to Governor Hassan’s budget veto.

“I am extremely disappointed in Governor Hassan’s action to veto the budget because it blocks important funding increases that support state agencies and our state’s neediest citizens and creates uncertainty within these organizations. In addition, the veto puts on hold important business tax reductions that are designed to create jobs and stimulate New Hampshire’s business economy,” said Senate President Chuck Morse (R-Salem).

“The Governor’s budget veto shows that her priorities continue to be centered on narrow-minded special interests and not the good of New Hampshire citizens.”

“Although I still believe that a veto is unnecessary, the Continuing Resolution will keep State Government operating while we resume our work in order to produce a budget we can all agree on.”

Wednesday
Feb182015

NH Senators Forrester, Morse comment on defeat of Governor Hassan budget bill 

The New Hampshire Senate

Republican Majority Office

(CONCORD) Senate Finance Committee Chair Jeanie Forrester (R-Meredith) issued the following statement on the Committee voting down the Governor’s request for budget cuts from the Legislative and Judicial Branches:

 

“For almost a year, I have been asking Governor Hassan to share with the Legislature information on the spending problems within New Hampshire agencies. With revenues running ahead of projections, it was essential that we address spending proactively. Instead, the Governor kept the problem to herself, tried to blame it on revenues even as they exceeded our targets, and finally came forward with this package of cuts to branches that are controlling their spending.”

 

“The Governor would have raided dedicated funds and taken money from branches that are living within their budgets, yet would barely scratch the surface of the $58 million overspending problem. As such, the Finance Committee voted down this bill.”

 

Senate President Chuck Morse (R-Salem) added the following statement:

 

“The Legislature continues to manage its budget, and it is now time for the Governor to manage her state agencies spending problems. She needs to stop raiding dedicated funds and trying to take money away from other branches of government that are meeting their Constitutional obligation to live within their means.”

Tuesday
Jan272015

NH House Speaker Jasper, NH Senate President Morse - State of Emergency 

This afternoon, Governor Hassan declared that a state of emergency exists in the State of New Hampshire due to the impending winter storm.  Because of the expected blizzard like conditions, which will include heavy snowfall, high winds and whiteout conditions,  she has encouraged citizens to stay off the roads unless absolutely necessary.  The Governor has also made the decision to  close state government and advised that all but essential state employees stay home and off the roads.  As a result the State House  and Legislative Office Building will remain closed on Tuesday, January 27th.  We will monitor the situation throughout the day on Tuesday with regard to any potential postponements or cancellations for Wednesday should the storm continue. 

Saturday
Dec132014

Horn For GOP Chairman - SENATE PRESIDENT MORSE ENDORSES HORN FOR RE-ELECTION 

Please see below the statement from Senate President Chuck Morse in regards to his endorsement of NHGOP Chairman Jennifer Horn for re-election.


“I gladly support Jennifer Horn for a second term as Chairman of the New Hampshire Republican State Committee.

Jennifer and the dedicated staff she led were instrumental in securing the Republican gains made in our state legislature.
Jennifer lived this commitment daily by persistently and consistently reaching out to lower ballot candidates to ensure they had the training and exposure to the party's staff, it’s resources and it’s latest technology.
Republican efforts in 2016 will be stronger with Jennifer as Chairman and I strongly encourage state committee members to re-elect her at our Annual Meeting."
— Senate President Chuck Morse