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My Turn: Small businesses have a friend in Shaheen

As anyone who has started a company understands, our government can prove to be an effective partner when building a business. New Hampshire small-business owners, like myself, are lucky to have an ally in Washington who is fighting every day to make sure our government is supporting growth and development.

That ally is Sen. Jeanne Shaheen.

Shaheen has proven to be a strong and effective advocate for New Hampshire small businesses like mine. She’s worked to expand access to capital and funding for small business, crafting legislation that helped businesses access short-term loans. She also helped to strengthen the Small Business Innovation Research program that has provided technology and research firms, like mine, $370 million in federal funding to explore new frontiers.

Such policy has retained jobs, in fact created jobs in New Hampshire rather than shipping them overseas.

And Shaheen is with our businesses when it comes to taxes. She is fighting to reduce the small business tax burden, crafting the Small Business Jobs Act that would cut taxes on small businesses and promote new, less-burdensome initiatives.

Shaheen’s office and staff set a high bar when it comes to constituent services and assisting local small businesses. Whenever I need help cutting through red tape, her office is there, even going as far on more than one occasion to have the senator intervene personally on our behalf.

Shaheen’s office also does a good job keeping me informed of any programs or funding opportunities we can take advantage of to help us cut costs and grow our business.

As an entrepreneur in a sector that relies on a highly skilled workforce, I am also glad that Shaheen is a strong supporter of education in the STEM subjects – science, technology, engineering and math – and technical training initiatives. My company can only thrive if we have good, well-educated people working for us.

And that requires a significant investment in education, like the one Shaheen is fighting to secure.

I am honored we have a senator who introduced bipartisan legislation to encourage students to explore careers in STEM subjects and has supported initiatives that make college more affordable.

Shaheen is fighting for New Hampshire businesses and small business owners. She understands that being pro-business means standing up for common sense initiatives that will help us grow and make our workforce more competitive in a globalized economy.

As a member of the Senate Small Business and Entrepreneurship Committee, Shaheen gets that small business are the backbone of New Hampshire’s economy and that serving the working families and communities of the Granite State means working to ensure our small businesses have the tools they need to succeed.

(Kedar Gupta is CEO of ARC Energy in Nashua.)

Just to dispel any myths about the United States being the lowest corporate tax rates in the world: "•24 U.S. states have a combined corporate tax rate higher than top-ranked Japan. •32 states have a combined corporate tax rate higher than third-ranked Germany. •46 states have a combined corporate tax rate higher than fourth-ranked Canada. •All 50 states have a combined corporate tax rate higher than fifth-ranked France", from taxfoundation.org and to see the details click here: http://taxfoundation.org/article/us-states-lead-world-high-corporate-taxes

It's not a myth. Your post confuses nominal and effective--as usual blurring the issue. See here: "According to the Wall Street Journal’s recent study of Congressional Budget Office numbers, corporations are paying an effective rate of 12.1%, the lowest in at least 40 years." http://business.time.com/2012/02/06/the-corporate-tax-rate-is-at-its-lowest-in-decades-is-big-business-paying-its-fair-share/ "U.S. companies face the highest official corporate tax rate in the world. But there's a big difference between the rates set out by law and the cash that's actually collected. Large, profitable U.S. corporations paid an average effective federal tax rate of 12.6% in 2010, the Government Accountability Office said Monday. The federal corporate tax rate stands at 35%, and jumps to 39.2% when state rates are taken into account. But thanks to things like tax credits, exemptions and offshore tax havens, the actual tax burden of American companies is much lower." http://money.cnn.com/2013/07/01/news/economy/corporate-tax-rate/

Following up on my post above, it seems that at least some of the studies cited by proponents of lowering the corporate rate count "deferred taxes" as paid taxes, AND exclude from their analysis those corporations that paid no tax. These effectively fudge the data in order to reach a preconceived conclusion. This calls into question the Tax Foundation claims that are the basis of proponents' claims. Moreover, corporate revenues as a percentage of GDP are lower in the U.S. than in the OECD nations. "... the total federal corporate income tax collected in the U.S. in 2010 was equal to just 1.3 percent of our gross domestic product  — in other words, 1.3 percent of our total economic output — according to the Treasury Department. The figure is 1.6 percent of GDP when state corporate income taxes are included. Data from the Organizations for Economic Cooperation and Development (OECD) show that the OECD countries other than the U.S. collected corporate tax revenue equal to 2.8 percent of their combined GDPs in 2010. This is another way of saying that the weighted average of corporate tax collected as a percentage of GDP for the countries that are the U.S.’s main trading partners and competitors was 2.8 percent in 2010. (2010 is the most recent year for which the OECD has complete data.) http://ctj.org/ctjreports/2013/04/bernie_sanders_is_right_and_the_tax_foundation_is_wrong_the_us_has_very_low_corporate_income_taxes.php#.U4RoB17XlFI

Why do you always need to point to Europe and other parts of the world. We live in the most successful countries in the history of the world when it comes to quality of life, prosperity and technology. Comparing us to the failed economies of France or Spain or Italy or Greece is not relevant. Moreover, we see what taking more money from companies has done in those countries, their economies are more devastating than the Obama economy. Any headline that says "Bernie Sanders is right" is certainly one founded in ideology and propaganda anyway. I am not interested in Euro trash economies (beyond Germany) as they obviously have spent so much on social programs and so little on instituting a work ethic and ambition in the masses.

Sorry to confuse you with inconvenient facts. I know how several of you hate to have them interfere with your opinions.

If people can't see through the baloney ads from Shaheen, especially the friend to small business and VA ads, they they are truly clueless.

I can't believe NH citizens are even taking Brown seriously. He puts his foot in his mouth every time he opens it. The fact that he has to have a rally with "women" around him, all Republicans by the way shows something is lacking.

You cannot believe that citizens should take any pol seriously Tillie unless they have a D after their name. Basically you only champion your party.

Now Rabbit, we have had this discussion before. You only vote for Republicans and I only vote for Democrats because they espouse our beliefs. Why does it surprise you each time I don't like Republicans? I should think by now you would have figured out my politics as I have figured out yours.

$370 million in federal funding - it's time these grants are tied directly to job growth and job retention in the US by these companies. Most of these companies talk of creating jobs but they are in reality just temporary jobs that disappear once the product is designed. Once the research is done the follow up jobs are outsourced to other countries to produce the product. If companies want "tax payer funded" investment then they should show the job growth (pertaining to the specific job) is maintained for at least 10 years or they should be required to repay the grant with interest to the tax payers.......... Next we can discuss the fact these companies want tax payers to fund the startup and research (for free) and then they shift the profits off shore so they don't pay taxes to the very country that supported them.

if the corporate tax rate was like other countries why would a company do as you falsely claim

What part of my post is a "false claim". The outsourcing of jobs or the hiding of profits to avoid taxes. If the outsourcing is false then you should have no objection to tying the money to job retention - because no one would already be doing it. I don't think you would be bold enough to say US companies don't hide money in offshore accounts to avoid taxes - companies are begging for another tax holiday to bring it back!!!

explain how a corporation hides overseas the profits made in the USA - this answer should be goodie

Credit Suisse bank just plead "guilty" to helping US citizens and companies hide money offshore to avoid paying US taxes, that alone is proof. That would be a $2.2 BILLION dollar fine. Can you explain why companies are asking for ANOTHER "tax holiday" to bring money back into the US if it is not outside the US.

Just read about the once darling of New Hampshire - Tyco Industries. Please don't insult our intelligence with your baseless claims. Offshore hiding of profits has been an issue for decades. Can you say Cayman Islands??

debating with liberals is like playing chess with a pigeon - they strut around knocking over the pieces and poop on the board and fly off. The most these 2 amateur economists do is read headlines - they have probably never see an auditor. How does one exactly hide a profit - they are so clueless.

There's no "debating" you--it's just "Whack a Mole" correcting your errors of fact and phony headlines.

Nice "tolerance".

"Tolerance" has nothing to do with it. It's a matter of fundamental honesty, which seems to be in short supply in recent posts from the Carp Per Diems. Airing outrageous opinions unsupported by facts is protected by the 1st Amendment, but no one should "tolerate" repeated falsehoods. Still waiting for a retraction from you on another thread.

And still waiting.

Ask Romney. It is very simple. Have a PO box in a store front in the Cayman Islands with your business address. Bet even you could do it.

The effective corporate tax rate in the US is almost always far lower--lower than that of many other nations in fact. The percentage of total tax revenue borne by corporate taxes has been dropping since the '80s. Without any noticeably dramatic improvement in their performance compared to the best run foreign corporations.

Even Charles Rangel would not agree with you, he proposed a bill cutting corporate tax rates from 39% to 30%. "Currently, the average combined federal and state corporate tax rate in the U.S. is 39.3 percent, second among OECD countries to Japan's combined rate of 39.5 percent.1 Lowering the federal rate to 30.5 percent would only lower the U.S.'s ranking to fifth highest among industrialized countries" Nice try though.

Try reading with comprehension for a change. You're confusing nominal and effective. There are loopholes aplenty--depletion allowances, etc. that permit corporations to pay far less than the nominal rate.

QUOTE "Whenever I need help cutting through red tape, her office is there, even going as far on more than one occasion to have the senator intervene personally on our behalf." A good Senator would not wiggle through red tape .... BUT ... eliminate the red tape entirely. Unfortunately democrats love red tape that is why they legislate to create so much of it.

I believe it is federal law that a political ad must have the candidate post an affirmative statement after such a political ad ... this is a partisan political ad isnt it?

I assume you are simply being ironic, but just in case: The McCain-Feingold act applies only to television and radio ads, and only to ads that have been paid for from the candidate's own campaign funds.

So you can feel free to write letters in support of your candidate(s) as well.

it must be awful being a LITERAL Liberal

Its must be awful to know your party is slowly dying with the american people.

cant wait for mid terms to prove that fairy tale wrong

tsk, tsk ..... This is just what you said regarding Obama in the last election

Like I said, I assumed you were being ironic. I'm not so much a literal liberal, as I am a pro-honesty liberal.

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