Finally …

A vote by the Guam Legislature to roll back the increase in the Gross Receipts Tax should be held on Thursday, March 4. Session is scheduled to begin at 10:00 am.

The vehicle to roll back the GRT increase is Bill 267. You can read what might be the latest version of this bill, i.e. the substitute bill proffered at Monday’s public hearing, at www.bobsoffice.org.

As you may know, I have worked to roll back the GRT increase since March 2003 when it became effective, by introducing Bill 54 ( also at www.bobsoffice.org ).

Some have told me: “By rolling back the GRT increase, you are taking away government revenues.”

My answer: “The government needs to first better manage its own books, focus on prioritizing the budget (public education, public safety, and public health) and reform government, before sniffing around for the money in your pocket.”

We all need to remember that the burden of the increase of the GRT falls most heavily on those least able to bear it, i.e. low income folks who spend their entire income on taxable items.

Too many businesses have closed; too many jobs have been lost.

The time is long past to roll back the GRT increase.

Please give me a call or e-mail me to discuss any issues on your mind. As always, I'm interested in your thoughts and ideas.

Sincerely,
Bob