Especially when it is on something we use everyday (reformatted, emphasis mine):
Consumption tax axed
With the new year came a little-noticed state tax repeal. It’s the electricity consumption tax, a charge on everyone’s electricity bill created back in 1978 after construction started on the Seabrook nuclear power plant…Lawmakers decided to make this tax go away the following calendar year, which started on Tuesday.
“We have continued to hear from homeowners as well as businesses large and small that energy prices are too high and they are right. New Hampshire’s energy costs are 40% greater than most other states and are among the highest in the country,” Morse said at the time. “Working alongside Governor Sununu, we’ve listened to our constituents concerns and recognized the positive impact eliminating the electric consumption tax would have on lowering energy costs.” The tax raised about $6 million a year.
And reduced business taxes at the same time.
$205.8 million surplus
…That’s because those who read all the numbers would have surely noticed the last state budget ended June 30 with $94.8 million more in unspent money than had been known until now. This puts the total unspent and unassigned surplus at the end of the last fiscal year at a staggering $205.8 million.
And that’s after LOWERING taxes; all we hear is that Democrats want to raise taxes even as the moral seems to be, both at the State level as well as the Federal level, is take less, get more. It may not be a lot less, percentage-wise given the budget, but perhaps a wee less from us might mean a whole lot more from us (if you follow my drift).
(H/T: Union Leader)
