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 Preshow Return to index of stories... |
Next on New Hampshire Outlook tonight. The pros and cons of a proposed consumption tax to help fund education. We'll speak to the bill's author. Plus the debate over a proposed smoking ban in Granite State restaurants. And history for sale. we'll tour the 1920's colonial in Derry. where one of America's greatest space heroes was born. |
| Headlines Return to index of stories... |
Good Evening. I'm Allison McNair. Welcome to New Hampshire Outlook. We begin tonight with a summary of today's news. |
| Sales Tax VO Return to index of stories... |
They were talking taxes at the statehouse today. The day began with a report critical of Governor Jeanne Shaheen's education funding plan. by New Hampshire First, a retail sales political action committee - released a study which says a two and a half percent sales tax would cost the state close to 33 thousand jobs, and would bring in far less than the Governor's blue ribbon commission has estimated. The study was conducted by the Beacon Hill Institute at Boston's Suffolk University. Its author, David Tuerck, says the tax panel made its estimates before the downturn in the economy. He said a sales tax would also have an adverse effect on other taxes. |
| Sales tax SOT Return to index of stories... |
sot 1:13:50 It sensible to believe that once a mass. family has loaded up the minivan to come to buy a tv going to make a stop at the state liquor store that they're going to fill the van with gas, go out have lunch. it seems apparent transparently obvious to us if there's going to be a general shrinkage of 4 point 6 two percent in the state economy for every 1 percentage point sales tax that there's going to be a higher shrinkage of these items that are highly sensitive to out of state purchases.1;14:26 |
| Intro Shaheen Return to index of stories... |
Governor Jeanne Shaheen was quick to react. She questioned both the objectivity of the study and its author. |
| Shaheen Reaction Return to index of stories... |
13:59:10 The man that they've brought up is a political economist.this is someebody whor represesnts a a right wing agenda.his methodolgies are questionable by other economists.they're agenda is to do everything possible to kill a sales tax and a resaonable solution to this issue.our figures are based on work of blue ribbon commission.They're work was based on an economist with fedeal bank of boston.federal reserve has a great deal of credibility.their numbershave been cooroborated.their numbers three different methodologies.our dept. of revenue came up with same numbers as blue ribbon commission.It's not my interest as gov. to come up with a proposal that I don't believe is going to solve this problem 14:00:33 |
| Shaheen Tag Return to index of stories... |
Tomorrow, the governor appears in Representatives hall for a hearing on her education funding tax proposal. We'll have a full report on the hearing and a one-on-one interview with the Governor tomorrow right here at 7:30. |
| Consumption Tax Return to index of stories... |
Another proposal to solve the education funding crisis was heard at the state house today. Representative Andy Peterson outlined details of a one percent tax on goods and services. He estimates the plan would raise close to 365 million dollars in its first year - enough to close the education funding gap.We'll have a detailed report on today's hearing and an interview with Peterson in just a few minutes. |
| Smoking Ban VO Return to index of stories... |
A bill to ban smoking in restaurant dining areas also received a hearing today at the capitol. Smokers, nonsmokers, health professionals and business owners had a chance to air feelings on the legislation which would make dining areas smoke-free in two years. The House Commerce committee heard some emotional testimony at the public hearing. |
| Tag Smoking Ban Return to index of stories... |
Cocktail lounges would be exempt from the non-smoking legislation if they're enclosed and ventilated separately from where people eat. |
| Intro Mt. Washington Return to index of stories... |
Some sun today - but still not feeling quite like spring yet.Weather observor Charlie Lopresti has a look at the forecast and an update on conditions on Mt Washington. |
| Mt. Washington Return to index of stories... |
Charlie Lopresti - Meteorologist/Observer - reporting - no picture CG:WEATHER\TO NIGHT\NORTH\MOSTLY CLOUDY \CHANCE OF SNOW SHOWERS\LOWS 20 TO 25\WINDS WEST 5 TO 10 MPH CG:WEATHER\TONIGHT\SOUTH\PARTLY CLOUDY\LOWS 20 TO 25\WINDS WEST 10 TO 15\ CG:WEATHER\TOMORROW\NORTH\MOSTLY CLOUDY\CHANCE OF FLURRIES\HIGHS 35 TO 40\WINDS 10 TO 15 MPH CG:WEATHER\TOMORROW\SOUTH\PARTLY SUNNY\HIGHS 40 TO 45\WINDS 10 TO 15 MPH\ Current Conditions Temp: 2 F Wind: West 40 mph gusting to 47 mph Wind Chill: -40 F Current WX: Blowing snow and freezing fog Visibility: 200 Feet FORECAST Tonight North: Mostly cloudy with a chance of snow showers. Lows: 20 to 25 F Winds: West 5 to 10 mph South: Partly cloudy Lows: 20 to 25 F Winds: 10 to 15 mph Tomorrow North: Mostly cloudy with a chance of flurries Highs: 35 to 40 F Winds: West 10 to 15 mph South: Partly sunny Highs: 40 to 45 F Winds: West 10 to 15 mph |
| Intro Consumption Return to index of stories... |
As we told you a few minutes ago. a proposed one-percent tax on goods and services was debated at a statehouse hearing today. The tax is designed to raise an estimated $365 million in its first year, to close the gap in education funding. Richard Ager was there. |
| CONSUMPTION TAX Return to index of stories... |
Soundup: Tape 1 10:14:05 A chart that shows the situation in the out years of education funding trust fund. Track: For Rep. Andy Peterson, the problem is clear. Bite: Tape 1 10:15:18 It shows here a result by eight years from now - about 2009 - of almost 2.2 billion dollars of accumulated deficit and annual deficits that are running in excess of $300 million. Track: To prevent such a fiscal meltdown, Peterson is proposing a one percent tax on retail sales of goods and services that would be included in the price of those goods and services. Bite; Tape 1 11:08:11 In general, a business is going to be required, subject to certain exemptions and deductions in certain cases, to pay 1% of their gross receipts that come in for the selling of a retail good or the provision of a service within the state. For most businesses, this would only be collected once a year. Graphic: The tax would exempt food, rent, tuition, prescription drugs, and gasoline. It would also repeal the Estates and Legacy tax and reduce the statewide property tax, the business enterprise tax, and the business profits tax. Track; As with all plans, this proposal has drawn opposition. Bite; Tape 3 00:01;40 Net profit before taxes is only 2 - 2.5 %. Bite: Tape 3 1:55 The I 1% gross receipts tax as proposed in HB766 in effect would be a 50% tax on profits. I cannot imagine a new hidden business tax that would require $220,000 to the state regardless of their profitability. A simple statement that all we have to do is raise our prices by 1% is unrealistic in the highly competitive motor vehicle business. Track: Some opposition was tempered by a fear that other tax plans could be worse. Bite: 00;04:35 The tax option proposed in this bill by Rep. Peterson would not be the first choice of the membership of the Retail Merchants Association, nor is it one of the three that we would justify supporting, but when compared with the sales tax, this option is far less damaging to the retail sector. Track: That best of a bad lot attitude has attracted support from many Republicans. Bite; Tape 2 12:26:45 Certainly Rep. Peterson's proposal will be one of the things that Ways and Means will consider to raise additional revenue and then it will just be a decision by the House first to see if they like that option or if they do want to go with a broad-based tax. Track: And in the House, a broad-based is nobody's favorite topic. For NH Outlook, I'm Richard Ager. |
| BP Bump Return to index of stories... |
CG:BUMP\For more information on HB 766\www.AndrewPeterson.org\ |
| Business Outlook Return to index of stories... |
A bright note on the Outlook for business today. For the first time since September, Consumer confidence advanced. The Conference Board's index is up sharply this month, but the business research group says that's still about 25 points below its peak levels from last summer. Consumer confidence is a key predictor for the economy. |
| Wall Street Stocks Return to index of stories... |
The positive report on Consumer Confidence gave investors on wall street a much needed boost today. The Dow closed up more than 260-points. The Nasdaq was up 53-point-75. And the S&P 500 was up 29. Dow Industrials 9947.54 up 260.01 New York Stock Exchange 599.68 up 12.67 American Stock Exchange 875.96 up 8.49 Nasdaq composite 1972.24 up 53.75 Standard and Poors 500 1182.17 up 29.48 |
| NH Stocks Return to index of stories... |
Here's a look of stocks of interest to New Hampshire investors. Anheuser Busch closed up point five-nine. Cabletron was down point oh-four. Lockheed was up point three oh. Sturm Ruger and company was down point eleven. And Tyco closed the day up point four-three. CG:STOCKS\Anheuser Busch\45.06\+0.59\Cabletron\12.33\-0.04\Lockheed\36.41\+0.30\Sturm Ruger & Co\10.04\-0.11\Tyco \45.10\+0.43 |
| ATM Investigation Return to index of stories... |
The U-S Attorney's office for New Hampshire is investigating complaints against a company that provides businesses with cash or A-T-M machines. Business owners say they're not receiving their cut of fees from a company that services about 400 cash machines in the state. One New Hampshire Business owner said his check from Credit Card Center recently bounced. Similar complaints are being investigated in other states. |
| Intro Spacetown, USA Return to index of stories... |
Finally tonight we take you to Derry, where one of America's heroes began his space odyssey. Alan Shepard's boyhood home is there and it's for sale. Producer Andrea Sarris and Yankee Magazine's Carol Connare show us around the old Colonial where America's first astronaut was born. |
| Spacetown, USA Return to index of stories... |
Producer Andrea Sarris and Yankee Magazine Editor Carol Connare as they tour the 80 yr. old Colonial home where America's first astronaut, Alan Shepard was born. The house's systems are still intact. The house features glass door handles, oak wood floors, a built in 1914 Aeolian Organ, built in cabinets, laundry shoots and beautiful french doors. Meet Ed Gallien current owner who purchased the house in 1989 from his hero, who address his childhood acquaintance's fame and why Derry is now called Spacetown, USA. This piece is spliced with archival NASA footage and addresses the realtor's concerns that the house should be bought by someone who would like to maintain the current systems. |
| Tag Spacetown Return to index of stories... |
For more information on the Shepard house for sale, you can contact Angela McLaughlin at 893-8990. The story is featured in the April/May issue of Yankee magazine which goes on sale today. A final note on Spacetown, USA. The Derry post office will soon be renamed the Alan B. Shepard Post Office in May, marking the 40th anniversairy of the first American space flight. |
| website Return to index of stories... |
For information on tonight's program, and links to our guests and interviews, visit our web site at nhptv.o-r-g. You can see and hear streaming video of our broadcasts and participate in our daily poll. If you've got a story idea or comment on our program you can call us at 800-639-2721. |
| Tomorrow Return to index of stories... |
Tomorrow on New Hampshire Outlook - Governor Jeanne Shaheen's education funding tax plan goes before the house. We'll take you to the debate and then follow up with a one on one interview. Plus, the fight to preserve New Hampshire's Old Barns. |
| goodnight Return to index of stories... |
That's it for this edition of New Hampshire Outlook. For all of us here at New Hampshire Public Television, thanks for joining us. Stay tuned for Keeping Up Appearances. We'll be back tomorrow at 7:30. Good night. |
| founders Return to index of stories... |
Thanks to our founding sponsors who have provided major funding for the production of New Hampshire Outlook: New Hampshire Charitable Foundadtion Public Service of New Hampshire Alice J. Reen Charitable Trust Putnam Foundation Stratford Foundation |
| PROMO Return to index of stories... |
Tonight on New Hampshire Outlook. Governor Jeanne Shaheen's education funding tax plan goes before the house. We'll take you to the debate and then follow up with a one on one interview. Join us tonight at 7:30 only on New Hampshire Outlook. |
| Tag Closer Return to index of stories... |
House as of today, March 27th has not sold. FMI contact Angela McLaughlin at 893-8990 x 204 ERA Masiello Group Yankee Magazine hits the newstands today. |