NOMINATION OF SHAHEEN ENDORSED OBAMA APPOINTEE WHO DEFENDED COP KILLER WITHDRAWN

Concord – President Barack Obama today officially withdrew the radical nomination of Debo Adegbile to lead the Justice Department’s Civil Rights Division. In March, Senator Jeanne Shaheen voted with a minority of senators to confirm Adgebile, who used groundless charges of racism to try to free a convicted cop killer. His nomination was rejected by a 47-52 bipartisan vote.

“Debo Adegbile was the wrong person for the job, and Senator Shaheen’s support for this radical nomination reminds New Hampshire that she blindly votes with President Obama 99 percent of the time. Senator Shaheen ignored the serious concerns voiced by New Hampshire’s law enforcement community because she is incapable of standing up to the president and providing independent leadership for her constituents.” said NHGOP Chairman Jennifer Horn. “We are pleased that this outrageous nominee failed to gain the support needed to serve in this critical position.”

Politico reports that Adegbile drew opposition from national law enforcement organizations for his work representing Mumia Abu-Jamal, who was convicted of killing Philadelphia police officer Daniel Faulkner in 1981. The Fraternal Order of Police and the National Association of Police Officials, which described Adegbile as someone who “made his name defending one of the most notorious and unrepentant cop killers around,” vigorously opposed the nomination.

Roll Call reports that Shaheen ran away from Capitol Hill reporters when asked about her decision following the vote. “I think he’s well qualified,” Sen. Jeanne Shaheen said of Adegbile as she rushed into an elevator.

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Why is Hassan criticizing bipartisan tax reforms?

From the Concord Monitor – http://www.concordmonitor.com/home/13252507-95/my-turn-why-is-hassan-criticizing-bipartisan-tax-reforms

My Turn: Why is Hassan criticizing bipartisan tax reforms?
By Sen. BOB ODELL For the Monitor
Tuesday, August 26, 2014
(Published in print: Wednesday, August 27, 2014)

It’s puzzling to hear Gov. Maggie Hassan claim that recent changes in New Hampshire’s business tax code are causing problems with the state budget. Not only were the reforms of the past few years approved with overwhelming bipartisan support, they were fully accounted for in the budget.

During last year’s budget debate, Senate Republicans insisted on revenue projections more conservative than the governor’s optimistic estimates. It’s a good thing we did. Fiscal 2014 revenues came in just $3.1 million higher than our forecast.

As I conclude my time as chairman of the Senate Ways and Means Committee, I’d like to review why Republicans and Democrats joined forces to reform New Hampshire’s businesses taxes to improve our economy, and why we shouldn’t reverse this progress.

Internet tax

Since 1998, Congress imposed a moratorium on new state and local taxes on internet access. Despite this federal law, the New Hampshire Department of Revenue Administration began applying the Communications Services Tax to internet access charges without Legislative approval.

In 2012, the Legislature corrected this bureaucratic overreach by passing HB 1418, which clarified that the Communications Services Tax does not apply to internet access.

The Senate approved the bill 23-0, and the House passed it 244-46.

BET threshold

HB 1418 also included a provision to provide tax relief to New Hampshire’s smallest businesses. By increasing the threshold for the Business Enterprise Tax and adjusting it for inflation, we insured that rising prices wouldn’t slowly force more and more small businesses into the BET. Avoiding “bracket creep” was a necessary and overdue reform to New Hampshire’s business tax code, and received wide bipartisan support.

NOL Carryforward

One area where New Hampshire was losing ground to neighboring states was the ability of new business to write off their start-up losses against future profits, known as Net Operating Loss Carryforward. New Hampshire only allowed businesses to use $1 million in NOL to offset their first few profitable years, which was one of the very lowest in the nation.

In 2012, we approved HB 242, which increased NOL carryforward to $10 million. This encourages struggling start-ups just as they are taking off. The House approved the bill 259-89, the Senate approved it unanimously, and Gov. John Lynch signed it into law.

Interest and Dividends

In 2012, the Legislature also updated the Interest and Dividends Tax. The tax had been applied when trusts earned interest on their investments, even if no one in New Hampshire actually received any income that year.

SB 326 amended the law so that the tax now applies when interest income is actually distributed to a beneficiary. The Senate voted 23-0 to override Lynch’s veto of SB 326, and the House overrode him by a vote of 312-18.

Hassan seeks to blame this small change for a $16 million drop in I&D revenue last year, but trusts only account for $5 million a year in revenues. The real source of the dip was the fiscal cliff standoff in Washington, which temporarily increased federal taxes on dividends. This discouraged companies to hand out dividends last year, cutting into New Hampshire I&D tax base.

R&D Tax Credit

Last year, I sponsored SB 1 to double the Research and Development Tax Credit and make it permanent. It passed the Senate unanimously and the House 342-7.

Hassan lauded the bill when she signed it into law.

All of these tax reforms were passed with broad, bipartisan support. The revenue impact of these reforms, if any, was factored into the revenue forecasts included in the FY 2014-15 budget that the governor praised. So why now is Hassan falsely claiming that these tax changes are causing problems with the budget?

The real problem facing the New Hampshire budget is spending. Revenue forecasts were right on target for FY 2014, which ended in June. But we still don’t know whether spending stayed within the budget.

The governor has been warning since May that state departments might exceed their authorized spending, but she has declined to share that data with the Legislature and the public.

If New Hampshire is facing a budget deficit, we need to see the spending data as soon as possible. We don’t need to reverse the bipartisan business tax reforms that this past Legislature has approved.

(Sen. Bob Odell, a New London Republican, is chairman of the Senate Ways and Means Committee, and is retiring after six terms in the state Senate.)

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