Press Releases

 

Entries in US Rep Frank Guinta (511)

Friday
Apr172015

Citizens For A Strong NH - US House votes to kill the Death Tax 

 

While NH-01's Guinta sides with the majority to eliminate it, NH-02's Kuster votes to keep it.

 
(April 16, 2015) - Congressman Frank Guinta (NH-01) voted with the majority today to eliminate the Estate Tax, also known as the "Death Tax." The legislation passed the House of Representatives 240-179. While some Democrats did join with the majority, Congresswoman Annie Kuster (NH-02) was not one of them. She voted to support it.
 
Derek Dufresne, spokesman for Citizens for a Strong New Hampshire, released the following statement:

 

"Congressman Guinta, along with a majority in the House of Representatives, have properly recognized that the Death Tax is one of the most onerous and unjust taxes on the books. We applaud him and his colleagues who voted today to kill it.

"In contrast, Congresswoman Kuster clearly believes it is fair to tax the money 
in a person's estate despite the fact it has already been taxed over the lifetime that it was earned. She thinks it is good policy to support a tax that encourages family-owned businesses and farms to be broken up rather than passed onto another generation. Considering her record, we aren't surprised by her vote, but once again Congresswoman Kuster has sided with extreme liberals rather than the good of her constituents."

###

Friday
Apr172015

NHDP - US Rep Guinta Just Voted to Give a Giant Tax Break to Paris Hilton and Fellow Trust Fund Babies

http://webmail.myway.com/cgi-bin/emailGetAttachment.cgi?attemid=&act=11&unm=nhinsider.myway&fid=9cbca01a_e351_4fc6_9877_7708e887a0f5&msgid=efaa34b9_c0ba_487b_942a_c97c011a4934&sid=20150417131230669190303&cid=image001.jpg@01D07865.301532B0

Guinta’s Vote to Repeal the Estate Tax Would Add $270 Billion to the Deficit, Comes on Heels of His Vote for a Budget That Raises Taxes on Average Working Families, Cuts Rx Drug Benefits for Seniors, Cuts Pell Grants for Students, Cuts Food Assistance for the Hungry

Associated Press, Apr. 14, 2015: ‘FACT CHECK: Estate tax hits fewer than 1 percent of estates’

Washington DC -- Americans United for Change called on U.S. Rep. Frank Guinta to give up the charade of claiming to care about the deficit and average taxpayers after voting today to repeal the Estate Tax, a tax which effects less than 5,500 (.02%) households nationally with 75 percent of the tax cut going to inheritors of estates worth more than $20 million. So what’s in it for the rest of us? The Paris Hilton tax break would balloon the deficit by nearly $270 billion.

The vote was the latest demonstration of Guinta’s fixation with failed trickle-down economic policies over middle class economics. It followed his recent vote for an extreme Robin Hood-in-reverse budget plan that would stick seniors with higher Rx drug and out-of-pocket costs, raises taxes on average working families, gut nursing home care, leave millions uninsured, cost nearly 3 million Americans their jobs, and make college less affordable.

Brad Woodhouse, President, Americans United for Change: “Congressman Guinta could count on his fingers and toes the number of the multi-millionaires in New Hampshire actually affected by the estate tax – and he wouldn’t need any fingers at all to count up the number of jobs its repeal would create. When Republicans are only 100 days into this Congress and their biggest concern is protecting the inherited wealth of trust fund babies, there’s a troubling question of priorities here. Republicans pretend like this tax punishes the families small business owners and family farmers, but the claim has zero basis in reality – a ruse to disguise the fact that this effort is designed to make the richest 1 percent of the 1 percent even richer. After a vote like this, how can Congressman Guinta and fellow Republicans claim to be serious about fiscal responsibility or giving everyday Americans a chance at getting ahead? Guinta and company can’t vote to give .2 percent of the richest Americans an average $2.5 million tax break and turn around and say there’s no money left for food assistance, college aid and seniors’ prescription drug benefits.

“Giving the Paris Hiltons and Donald Trump Juniors out there a giant tax break they don’t need while slashing investments that seniors and students and middle class families do need -- and widening the income inequality gap in America on top of it -- is exactly how you derail the economic recovery.  Paris Hilton is going to be just fine without this tax break. But there’s a lot of struggling Americans out there that, under proposed cuts in the GOP budget, would not be ok without food assistance or access to affordable health and nursing home care.  We’ve seen this movie before. During the Bush years, Republicans in Congress gave millionaires and outsourcers a lot of special treatment and claimed it would benefit everyone. Except the special tax breaks were paid for on the backs of everyday Americans and all we got was the Great Recession. Why does Congressman Guinta think trickle-down economics will work this time?”

BACKGROUND:

§  The Poster Child for Who Benefits from the GOP Estate Tax Repeal: Salon, Feb. 4:  “F***ing peasants”: Conrad Hilton arrested for assaulting flight attendants in an epic air rage tantrum”

§  Associated Press, Apr. 14, 2015: ‘FACT CHECK: Estate tax hits fewer than 1 percent of estates’

§  Washington Post’s Dana Milbank, Feb. 3: “Double taxation? Americans for Tax Fairness, citing Federal Reserve data, notes that 55 percent of the value of estates worth more than $100 million comprises unrealized capital gains that have never been taxed.  Hurting family farmers and small businesses? In the entire country, only 120 small businesses and farms (100 of them large farms) were hit by the estate tax in 2013. And for that tiny number affected, there are all sorts of provisions already in place to soften the blow: low valuation rules, delayed tax payments and other breaks and discounts.”

§  The Congressional Budget Office determined the Estate Tax repeal would add nearly $270 billion to the deficit.

§  Center for Budget and Policy Priorities: “Today, 99.8 percent of estates owe no estate tax at all, according to the Joint Committee on Taxation. Only the estates of the wealthiest 0.2 percent of Americans — roughly 2 out of every 1,000 people who die — owe any estate tax. This is because of the tax’s high exemption amount, which has jumped from $650,000 per person in 2001 to $5.43 million per person in 2015.”

§  Center for Budget and Policy Priorities: “Only roughly 20 small business and small farm estates nationwide owed any estate tax in 2013, according to TPC.[10]  TPC’s analysis defined a small-business or small farm estate as one with more than half its value in a farm or business and with the farm or business assets valued at less than $5 million.  Furthermore, TPC estimates those roughly 20 estates owed just 4.9 percent of their value in tax, on average.”

§  Source: CAP Action

 

###

Thursday
Apr162015

Guinta For Congress - URGENT: Tax Reform Needed 

 

 This year, Americans will spend more than 6 billion hours and $168 billion filing their taxes with the IRS.

Friend,

This year, Americans will spend more than 6 billion hours and $168 billion filing their taxes with the IRS. 

The amount of time and money we spend doing taxes is outrageous. We must fix our convoluted and burdensome tax code now.

The cost of our overly complex tax system is benefiting big government at the expense of middle class families and small businesses. This is time and money that should be focused on creating jobs, and growing our economy.

I believe we need a simpler, fairer and more competitive tax code that benefits everyone, not special interest groups. Add your name to stand with me for tax reform if you agree.

Yours in the fight,

Frank

Wednesday
Apr152015

US Rep Guinta introduces bipartisan autolending bill to save consumers millions per year 

banner

WASHINGTON. D.C. – Congressman Guinta joined Congressman Ed Perlmutter (D-CO) yesterday in introducing H.R. 1737 – the Reforming CFPB Indirect Auto Financing Guidance Act of 2015 - to rescind flawed guidance from the Consumer Financial Protection Bureau (CFPB) which harms consumers by limiting their ability to obtain discounted auto financing.

 

“In 2013, the CFPB implemented guidance without providing a public comment period for consumers, small businesses or stakeholders to prevent families and individuals from obtaining auto financing discounts.  From the single, working mother in Manchester to the small business owner on the Seacoast to the hunters of the north country – this bipartisan bill will provide as many opportunities as possible for Granite Staters to receive the best financing required to achieve car ownership.”

 

H.R. 1737 would repeal a CFPB bulletin from 2013 that was designed to pressure lending institutions into eliminating the availability of auto financing discounts.  These discounts save consumers millions of dollars every year.

 

Joining Congressman Guinta and Congressman Perlmutter, this strong bipartisan bill has 7 original co-sponsors, including Congressmen Marlin Stutzman (R-IN), David Scott (D-GA), Steve Stivers (R-OH), Brad Sherman (D-CA), Roger Williams (R-TX), Daniel Kildee (D-MI) and Congresswoman Joyce Beatty (D-OH.)

 

For a copy of H.R. 1737, please click here.

# # #

 

Thursday
Apr092015

US Rep Guinta to host Veterans & Military Service Members Jobs Fair 

banner

REMINDER: Guinta to host Veterans & Military Service Members Jobs Fair

THIS FRIDAY

 

WASHINGTON. D.C. – Congressman Frank Guinta is hosting his first Jobs Fair for Granite State veterans and service members looking for employment. Attendees will have the opportunity to attend workshops on resume writing and interviewing techniques, speak with representatives from various companies, apply for new positions and discuss concerns with Congressman Guinta and staff. 

 

“In New Hampshire, we have one of the highest veterans’ populations in the nation. We know all too well the challenges our servicemen and women face during their transition into civilian life.  Unfortunately, one of the hardest challenges remains finding a good-paying job upon returning home.  Our veterans are some of the brightest and most dedicated employees out there; and, we owe it to them to help smooth their transition, which is why I’m hosting this Job Fair for our veterans and military service members to attend.”

 

Over 40 local businesses and 5 veterans organizations will be participating in the Job Fair, including Service Credit Union, UPS, Walmart, Portsmouth Naval Shipyard, UNH Police Department, Kelly Services, Great Bay Community College, Home Depot, Seacoast Helicopters, U.S. Small Business Administration, Comcast, Foss Manufacturing Company, Sig Sauer, Adecco, New Hampshire Veterans of Foreign Wars, Hero2Hire, American Legion and more.

 

The Veterans Job Fair is open to all New Hampshire active military, National Guard, Reserve, Veterans and their families.  There is no cost to participate in the fair and parking is free.

 

VETERANS & MILITARY SERVICE MEMBERS JOBS FAIR

 

WHAT:  Congressman Guinta hosts Veterans & Military Service Members Jobs Fair.

WHO:  New Hampshire active duty, National Guardsmen and women, reservists, veterans and their families are invited to attend.  Members of the press are also invited to attend.

WHERE: Great Bay Community College, 320 Corporate Drive, Portsmouth, New Hampshire 03801.

WHEN:  Friday, April 10th from 10:00 a.m. to 2:00 p.m.