Board of Aldermen Page 16
March 8, 2016
Alderman Siegel
If you want to recuse yourself you normally do that before the discussion but just for everybody's education
as someone that is actually an entrepreneur that starts businesses in New Hampshire let me give you a
little education about the BPT. The Business Profit Tax is the one biggest joke every because in order to
avoid it which is fairly simple you just run your business so you don’t have profits which unfortunately has
the side effect of making it very difficult to get capital from commercial banks because they see no matter
what the cash flow into all the companies pockets that the people who own the company or have shares in
the company, it doesn’t matter because they are not showing a profit. The other way to get around that is
to just be a LLC. which happens all of the time. Here we have an established corporation trying to have
300 manufacturing jobs and we are going to tell them you know what, you are not located in the Millyard so
we can’t help you, in which case they will say, that’s great maybe we will go to Merrimack. I’m beside
myself that this is even an issue because this will help Nashua tremendously.
Alderman Dowd
| will also be recusing myself as | am still an employee of BAE but in fairness to the previous comments, |
totally disagree with Alderman Moriarty.
President McCarthy
Since we seem to be sticklers for the rules this evening, | would point out that our rules, by ordinance,
declare that unless you have a stated conflict of interest under the terms of the ordinances which involve
employers or employers of relatives you must vote. Alderman Moriarty, would you point out what the
conflict is that precludes you from voting?
Alderman Moriarty
If you are going to insist that | vote then | will vote but in defense of Alderman Dowd he can actually get in
trouble at work if he votes for this so you should grant him so leniency.
President McCarthy
| believe that he has a legitimate statement of conflict.
A Viva Voce Roll Call was taken, which resulted as follows:
Yea: Alderman Wilshire, Alderman Clemons, Alderman Deane, 13
Alderman Cookson, Alderman Caron, Alderman Siegel,
Alderman Schoneman, Alderwoman Melizzi-Golja, Alderman McGuinness,
Alderman LeBrun, Alderman O’Brien, Alderman Lopez,
Alderman McCarthy
Nay: Alderman Moriarty 1
Abstain: Alderman Dowd 1
MOTION CARRIED
Resolution R-16-008 declared duly adopted.
