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WHERE are all
the fee increases going to go? To fund the GovGuam operations when 90
to 95 percent is payroll leaving 5 percent for the others
category.
If the shortfall is in the 5 to 10 percent range, this could be plugged
immediately and easily by eliminating the regressive GRT and instituting
a sales tax or a value added tax. That would be better than all these
back-door tax increases. No legislator who a votes for this slew of fee
increases DESERVES reelection.
Most people know that it is going to keep the Camacho administration afloat
until the military construction money starts to flow into the local treasury
or if they can sneak in some borrowing.
So instead of socking it to the small business owners and those on the
margins, let us institute a sales tax where one will spend based on what
one makes. And lower income tax rates as GOP chair Phil Flores said sometime
back on Newstalk K-57, to help boost saving and investment.
There are some businesses now that do not pay any taxes and all should
be brought back gradually on-line and into the system. People like to
talk about the small business person and creating the right climate for
him or her but the fact remains that many small businesses fail and some
of those that do succeed get gobbled up by larger businesses.
So here I propose a toast to all those who started a small (or at least
tried to) and never got the recognition for doing so in the midst of a
maelstrom.
MATT PHILLIPS
Mangilao, Guam
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