Graph - Diminishing Returns

Higher Tax, Less Rehiring

With the pandemic driven business shutdowns, New Hampshire is expecting enough of a drop in Business Enterprise Tax (BET) to trigger a tax rate increase under a law passed a few years ago. The BET is a tax on having employees.

Read more

Governor Sununu Protects Taxpayers By Vetoing State Budget

by Grover Norquist  | Democrat Budget Would Have Raised Taxes on Businesses and Vapers.  New Hampshire has long been thought of as a low tax state, governed frugally and therefore a strong competitor among the 50 states to attract job-creating investment, talent, and young families. Over time, “what everyone knows” can cease to be quite … Read more

New Hampshire’s “Crumbs” – Federal Tax Reform Produces “Abnormal Rise” in Business Tax Revenue

Dollar-Differences-and-Changes-in-Revenue-April-2018-768x388This week the New Hampshire Fiscal Policy Institute (NHFPI) issued some analysis on the “abnormal rise” in New Hampshire Business tax revenue. Their conclusion? It is likely due to Federal Tax Reform.

As of the end of April, the BPT and BET together are about $90.8 million (16.9 percent) above plan for the year, and $107.0 million (20.6 percent) above April 2017. Although these two business taxes have been the primary source of the surplus during the year, the post-TCJA rise has dwarfed other revenue sources, even those that are major contributors.

Read more

Screw The “Most Vulnerable?”

Internet access - NH House bans taxing internet accessThis morning’s Union Leader reported the passage of a bill in the New Hampshire House that would ban any tax on internet access.  They also reported that it included $1.7 million in funding for the reduction of the developmentally disabled services wait list.  The vote margin was 245-80, with the majority of dissenters on the Democrat side.

If this reporting is accurate the scope of the lefts hypocrisy here might be epic.  Internet and broadband access have been used as a left wing class, warfare, dirge.  Voting to tax it is not exactly “pro less-fortunate” nor pro-more “in need of internet access.”  But to vote against funding the disabled services list again?

Read more

Share to...