First things first

A compromise Guam Memorial Hospital modernization bill introduced by the Committee on Rules by request of the governor of Guam on Jan. 11, was eerily similar to the draft bill previously in the works by Sen. Dennis G. Rodriquez Jr. — and it has the business community in an uproar. (See “Rodriguez draft bill would affect businesses and consumers and add costs” which was sent to Journal subscribers as a News Flash on Jan. 9).

The proposed bill repeals tax exemptions of wholesalers, banks, hospitals and insurers on gross receipts and removes all tax abatements from the business of insurance by . . .

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