Tag: NHFPI

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

September 26, 2018May 12, 2018

by Steve MacDonald

This 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.

There’s No Justice In It At All

September 26, 2018June 4, 2012

by Steve MacDonald

Having laid out the New Hampshire Fiscal Policy Institute as a think-tank puppet for the advancement of taxation and the Democrat parties social and economic justice agenda in New Hampshire, I felt compelled to follow that up with an addendum on the deeper evil that lay beneath the facade of a “well meaning” left wing policy group.

First, the terms Social and Economic justice are redundant. They are the same thing. The redistribution of money by the state through tax policy for some random, current notion of social justice is economic justice and vice-cersa. You can’t have one lie without the other. And as Jonah Goldberg points out in Tyranny of Clichés, Social Justice as a concept can result in dangerously misleading nonsense. On the matter of the injustice of high unemployment (for example) he asks..,

“..who is being unjust? The employers who cannot afford more workers? The consumers who refuse to create enough demand to justify more workers? The government for not taxing innocent parties to pay for labor that isn’t needed and that they did not vote for? Social Justice assumes rights–social rights, economic rights, etc.–that cannot be enforced.”

The New Hampshire Fiscal Policy Instutite Doesn’t Like CACR 6 or CACR 13

September 26, 2018June 1, 2012

by Steve MacDonald

Why would we give a damn what Jeff McLynch–Executive Director of the New Hampshire Fiscal Policy Institute–thinks about Republican efforts to push CACR 6 and CACR 13? It’s a great question.

CACR 6 is a constitutional amendment that would require a 3/5 vote of the legislature to pass any new taxes. CACR 13 would change the state constitution to prohibit a personal income tax.

Jeff McLynch is “concerned, but Jeff McLynch is a Democrat, the former State Policy Director at the Soros/left wing funded Institute on Taxation and Economic Policy (ITEP)–which pushed for an income tax in the Granite state (see also here), and Jeff is also an avid Obama supporter.

The New Hampshire Fiscal Policy Institute he runs is the New Hampshire chapter of the State Fiscal Analysis Initiative, which is a state by state project of the Center on Budget and Policy Priorities (CBPP). CBPP is a left wing group that promotes the Democrat parties social and economic justice agenda through budget based think tanks and policy organizations with support from the cranky Progressives over at the Bookings Institute and deep pocketed left wing foundations like Ford, Rockefeller and George Soros’ Open Society Institute. So Jeff isn’t working too far out of his known circle of “friends.”

So if you have not yet connected the dots, NHFPI looks all smart and sophisticated but it is really just another socialist/Democrat front group, using the cover of a welfare-state based (we’re the ones who really care) tax-and-spend-budget policy agenda (Social and Economic Justice) to advocate for the progressive creep of bigger government and the higher and broader revenue streams needed to fund it.