Prepared Statement of Andrew J. Manuse, spokesman
 
“As the spokesman for Citizens for Sensible Legislation, a volunteer coalition of residents committed to educating the people of New Hampshire about candidates, legislation and issues that affect individual and economic liberties, I’d like to welcome you to our press conference today about the pending LLC tax.

 
“Limited Liability Companies already pay Business Enterprise Taxes on payroll and interest like other businesses in the state. But with this new LLC tax, such company owners will have to pay taxes on net profits. According to the way LLCs are organized, company profits are really just an accounting term for the owners’ personal income. The state has also assumed a power to define “reasonable compensation,” which will literally seize the money that business owners have rightfully earned to pay their mortgages and feed their families.
 
“Working families of New Hampshire know that raising taxes in the midst of a struggling economy defies common sense. If these new taxes are allowed to stand, it will lead to more job losses, fewer business opportunities and less innovation. The idea of creating new taxes during tough economic times is so irresponsible that there is clearly another motive behind the spend, then tax policies of the current Legislature.
 
“If history is any lesson to us, it is clear that power hungry liberals will not stop with taxes on LLCs that effectively dictate the income that business owners can make. The Democrats ruining New Hampshire are trying to get citizens used to the idea of new and increased taxes. They are intentionally spending more than the state can afford. This will set up an opportunity for them to use spin and deception to rally support for an income tax for everyone. Clearly, a sales tax would be part of that package.
 
“With more spending will come more taxes, which will naturally make government bigger. How much of the new tax revenue will pay for this useless government waste, while the Legislature’s spending problem remains unaddressed? And as constituents are burdened with more taxes, politicians will continue to lobby for one special interest group or another. The tax law will be used in this capacity to over regulate the private affairs of businesses and individuals.
 
“It’s time for spend, then tax progressive Democrats in Concord to follow the example of working families and small business owners who are sitting around their kitchen tables trying to make ends meet. It is time to bring responsible, efficient government back to Concord, which like any family or business in the state, spends only what it can afford."

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If you'd like more information about New Hampshire Citizens for Sensible Legislation, visit http://cslnh.org. To schedule an interview, contact Andrew J. Manuse at 603-703-8857 or ajmanuse@cslnh.org.