“Members of the chamber, I am here before you today to say we have to maintain the present level of the [Business Privilege Tax.] Every day, I look at our government’s cash report. With the 1% increase in BPT in fiscal year 2019, we were able to generate an additional $9.8 million. But we are still $8 million short.”
— Gov. Lourdes A. Leon Guerrero, who was the guest speaker during the Guam Chamber of Commerce’s Jan. 27 general membership meeting.
She said Trump tax cuts had cost the administration $86 million that could have gone for public safety, health professional salaries and to rebuild Simon Sanchez High School. Should the Biden administration reverse Trump tax cuts, she would roll back the BPT, Leon Guerrero said.
