Thank you for allowing us the time and space, to comment on the proposed rules you wish to implement. As there are many here who wish to speak, I will keep my comments brief.
In creating these rules, I ask if you gave consideration to the fact there are over 55,000 people unemployed in this State and hundreds of thousands who are under employed. Did you give consideration to all of the small business owners in New Hampshire, who struggle and fight every day to succeed, feed their families, provide health insurance, put something away so their kids get an education, maybe something for retirement? Did you give consideration to the unprecedented number of foreclosures and business failures we are experiencing today. How many other business are hanging on by a thread?
In New Hampshire, it is the small business community that define us. It is how we live, Its who we are.
It appears to me that in creating these rules you did not take into consideration all of the sacrifices we, as small business owners endured, to get where we are today. You give no consideration to the years we spent, making no money, sleeping on the floor of our shops, eating boxes of Ramien Pride, as it was all we could afford.
Frankly, it appears that you are attempting to punish the American Dream. These rules say success should be punished, reinvestment eliminated, and economic growth stopped. As written, these rules suggest that the State of New Hampshire is trying to stop job creation. It seems, as if it does not care about all the people in this State that want a job, want an opportunity to succeed, that want to regain the confidence and security that this State historically allowed.
Its not just the tax, which will be the first and only of its kind in America. It’s the cost for businesses to comply with, in record keeping and legal expense, the cost to businesses to borrow money to expand and grow. This will be just too burdensome and restrictive.
And it’s not just a clear signal to the businesses in New Hampshire that our State is about to punish success. Please think about the message this tax sends to potential new business. Soon, every State in America is going to realize the need to attract new businesses, in an attempt to bring us out of this recession. It is going to be the State that positions itself as the most attractive to businesses that will be the first, out of this recession, that leads the attempt to create jobs and opportunities. We need to position New Hampshire as the place for business to be, not the place small business should be driven out of, and these rules say just that. They say New Hampshire penalizes your success, so don’t come.
It is the success of New Hampshire’s small Business community that is the only real factor in creating jobs, creating opportunities for others to succeed and providing a stable economic platform for our State and its residents to survive. We believe that it is the expansion of business will provide a lower level of taxation spread over more companies , not continuing to take more money from less operators, you are now trying to squeeze the remaining blood from the stone. As small business owners we understand and embrace our need, want and desire to help those most in need. We acknowledge and support reasonable taxation, but these rules are not reasonable and will not help those in our State.
Please suspend and re write these rules to make New Hampshire strong
Thank you for your time today.
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