Republican senators of the 36th Guam Legislature vowed to introduce policy initiatives to raise government revenue without raising taxes, noting that putting more burden on taxpayers would raise the cost of living and further deteriorate the quality of life for all.
The minority party said it aims to support a balanced budget that fosters fiscal confidence, prioritize expenditures to pay-down government debt; stabilize fiscal foundation to increase access to resources for public and private investments aimed at getting island residents back to work.
“A strong fiscal outlook is an essential foundation for a growing, thriving economy. Placing our island on a sustainable fiscal path opens opportunities for jobs, and for families to place meals on their tables and pay their bills,” the Republican Party said in a statement.
“It creates a positive environment for growth and prosperity with a strong fiscal foundation, our island will bolster consumer and business confidence, and provide a stronger safety net for all.”
After the legislature’s inaugural ceremonies on Monday, Sens. James C. Moylan, Vicente “Tony” A. Ada, Christopher M. Duenas and Frank F. Blas Jr. formalized their proposed initiatives