Partnership votes Yes on Prop 3, backs Federal bills helping veterans, small business

Thu, October 25, 2018 2:15 PM | Anonymous member (Administrator)

Partnership votes Yes on Prop 3, backs Federal bills helping veterans and small business

Irwindale, CA - Members of the San Gabriel Valley Economic Partnership's Legislative Committee met this week and voted to support Proposition 3, the $8.9 billion statewide bond  measure that would fund a variety of water supply, habitat restoration, and water infrastructure projects throughout California. The Committee also voted on three key pieces of Federal legislation related to veterans and taxes on small business.

"Proposition 3 is an extremely important opportunity for voters in the state to support funding for maintenance and expansion of critical water infrastructure," said Jeff Allred, President and CEO of the Partnership. "We have neglected our water conveyance systems for far too long and Prop 3 is an important investment in the long-term future of the state."

Proposition 3 is different from previously passed water bonds in that it bypasses the Appropriations process in the State Legislature by directly depositing grant monies to specified state departments to issue each year as grants. This greatly expedites the process of getting these crucial dollars to the public agencies that are working to build, maintain, expand and revamp key projects throughout the state. For a full background evaluation of Proposition 3, please read this analysis by the Legislative Analysts Office.

The Legislative Committee also voted to support three Federal bills:

H.R. 4473 (Tenney) – Veteran Entrepreneurs Act of 2017: This bill amends the Tax Code to include a tax credit for veterans who want to open a franchise. The tax credit is up to 25% of the franchise fee paid when an eligible veteran enters into a franchise agreement. H.R. 4473 includes a not-to-exceed $400,000 provision for each veteran who takes advantage of the tax credit.

H.R. 5418 (Bergman) – The Veterans Affairs Medical-Surgical Purchasing Stabilization Act:
This bill requires the Department of Veterans Affairs (VA) to use multiple vendors to purchase medical equipment and ensure that the VA staff purchasing these supplies have the necessary medical expertise to do so. According to the bill author, the VA attempted to create a centralized system of purchasing medical and surgical supplies in an effort to cut costs. However, this system was developed with “inadequate input from experienced clinicians.” According to Representative Peters, H.R. 5418 will drive down healthcare costs by creating competition and increasing transparency. This bill is a legislative fix to a problem identified in a December 2017 Government Accountability Office report, which underscored high costs, lack of efficiency, and lack of competition in how medical supplies are purchased.
H.R. 3798 (Walorski) – Save American Workers Act of 2017: This bill amends the Internal Revenue Code to change the definition of "full-time employee" for purposes of the employer mandate to provide minimum essential health care coverage under the Patient Protection and Affordable Care Act from an employee who is employed on average at least 30 hours of service a week to an employee who is employed on average at least 40 hours of service a week. This bill would provide critical immediate relief from some of the ACA’s most harmful provisions. Most importantly for employers, this package would retroactively grant four years of relief from the employer mandate penalty and would delay implementation of the so-called “Cadillac” tax until 2023. H.R. 3789 would also provide greater flexibility and reduce unnecessary administrative costs by restoring the traditional classification of full-time work to 40 hours per week. The bill would also adopt a voluntary standard for one component of the costly reporting requirements. Though not scheduled to affect employer-provided health benefits until 2022, the Cadillac tax presents a direct threat to and a large tax on the health benefits currently enjoyed by 178 million Americans. House GOP legislation delaying or repealing parts of the ACA would decrease federal revenue by $51.6 billion and increase the federal deficit by $58.5 billion over the next 10 years, according to Congressional Budget Office.


For more information about these positions, contact Brad Jensen, Director of Public Policy, at bjensen@sgvpartnership.org or at (626) 856-3400.

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San Gabriel Valley Economic Partnership

4900 Rivergrade Road, Suite B130, Irwindale, CA 91706

Phone: (626) 856-3400    Fax: (626) 856-5115

Email: info@sgvpartnership.org

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