The comprises budget signed by Gov. Sununu sucks. It spends more, and it’s got Easter eggs, more suitably named poison pills. But it’s not a total loss. It proves that New Hampshire Democrats were lying about tax hikes.
The budget compromise Gov. Sununu signed this week reveals the truth. Unlike the vetoed state budget, this one actually keeps business tax rates the same for 2019 and 2020. It confirms that legislative leaders were incorrect when they claimed that their previous budget did not raise taxes.
They are all about tax hikes. The Democrats Education tax burden narrative (Volinsky Agenda) was a lie. The Family leave bill added an income tax. And any claim that their budget (which spent a lot more money) didn’t raise taxes was a lie. (Can’t spend more unless you take more.)
Even the Left’s narrative about the scheduled reductions in state business taxes means they wanted to raise taxes.
[T]he Democrat Party in total still insists these are tax cuts for big out of state corporations. But if they are tax cuts for big out of state corporations, they created the best state economy in the Northeast. Wage growth. The highest labor force participation in state history. More jobs than we can fill and record low unemployment.
You argue that we should end that “injustice?” Even the government is making more money. You’re idiots
The point of Left-Wing tax policy is always about redistributing someone else’s money into the hands of progressive budget writers. Filter it through the state to create and finance a dependency culture. For the people. Even though all the evidence tells us it is for the political class.
People still fall for it, and Democrats always support it.
Depending on the proposed tax hike last session at least 94% of New Hampshire House Democrats voted to raise taxes repeatedly. Most voted 99-100% for more taxes, higher taxes, or in opposition to lowering or removing a tax or fee. And it’s not like we didn’t warn you.
This years budget was no exception.
They contorted themselves into all manner of yoga-like language to get around it. Claimed tax reductions were tax cuts. And then they claim that raising them wasn’t a tax hike.
On Jan. 1, 2019, the Business Profits Tax rate dropped from 7.9 percent to 7.7 percent and the Business Enterprise Tax rate dropped from 0.675 percent to 0.6 percent.
The budget that Gov. Sununu vetoed raised those rates back to their 2018 levels of 7.9 percent and 0.75 percent. It did so immediately, not in the future. It further eliminated the reductions (to 7.5 percent and 0.5 percent) scheduled to take place in 2021.
The compromise can’t have prevented taxes from rising unless democrats were raising taxes. If revenues fail to meet the target the agreement will raise taxes. That’s what the Democrats want. Which means they want the economy to tank.
Who does that harm most? All the people they claim to champion.
Will they run on that? I think they already have.