INCREASING business license fees as proposed by the Senate will only hurt the economy more, according to House Ways and Means Committee Chairman Ramon S. Basa.
He said some of the œlegislators up there just want to brag but dont have the guts tocome up with a workable solution tothe dire economic situation.
In his speech before the Saipan Chamber of Commerce meeting at the Hyatt yesterday Basa said he is not in favor of increasing business license fees.
œIt is terrible to raise the cost of business in these hard times. I am greatly opposed to the proposed hike in fees because if implemented, this will only make more problems for the business community, said Basa, Covenant-Saipan.
He said œmost of the legislators up there [in the Senate] are not businessmen and do not reckon like businessmen should.
He added, œThe best solutionisto bring in or make more revenue-generating sources of tax.
Due to its meager budget, the government must reduce its size, he said.
He noted that some government entities, like the Public School System and Northern Marianas College, spend a lot on travel.
œThese agencies spend about $200,000 in travel, and I can prove that some of these junkets are not even necessary, he said.
The money should have been spent on other projects benefitting the community, he added.
Basa said the fee hike bill should only be considered after an economic analysis has been completed regarding the possible adverse effect on the business community.
He said they will be holding a public forum regarding the measure in the next few weeks to hear the voice of the community.
Article source: http://www.mvariety.com/2010110331684/local-news/basa-fee-hikes-will-harm-economy.php
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