While Democrats whine about tax cuts for the rich and lowering local tax burdens, New Hampshire Republicans cut business and rooms and meals taxes and raised revenues. Again.
Articles tagged as
Revenue
Derry, Derry, Quite Contrary, Mask-Mandate Fines, Yes or No?
The Town of Derry, New Hampshire, that bustling little-berg, is grappling with the problem of our age. The COVID Age. Can or should we milk people’s pockets over that State-wide mask mandate thing?
There’s a Financial Storm Coming
Taxation is a weapon of government. Taxes directly affect the well-being of every American. Taxes are a necessary evil. We do need to fund a limited constitutional government. But what does that mean? What should our system of taxation look like?
Apple Restrictions on Ad Targeting Mean It’s Game On
Facebook wants to hear gaming companies’ concerns about Apple’s new mobile operating system. Apple’s iOS 14 update will limit the effectiveness of Facebook ads. Gaming companies reliant on Facebook ads may curb ad spending. This would include Google, Snap, and Twitter.
Virus Socialism Could Wipe-Out San Francisco’s Public Transportation System
Keeping people home is supposed to hurt Donald Trump, but the current casualties appear to be out-of-state-college-student voting in New Hampshire and San Francisco’s city-wide public bus system. Without an infusion of cash from somewhere, most of the lines they shut down for COVID19 will not come back.
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.
New Hampshire’s Budget Deficit – Will it be $700 Million?
If you are watching the state budget you understand there is a lot of red ink. Revenues for March were off in the neighborhood of 15%. In April revenues were off more than 35%, actually closer to 40%. In May revenues will be off by about 20%.
Nashua School District Staff Should Not be a Protected Class
On Friday, March 13th the Nashua Board of Education voted to provide full compensation to all district personnel for five days from March 16th to 23rd while shutting down the schools. There was no discussion of the cost to taxpayers as these funds were already in this year’s budget.
Notes Reveal State Lawsuit’s Only Principle Was the Pursuit of More Money for Government
Regular readers know that the climate scam is not about seas, or ice, or storms, or weather. It is a clever political ploy to shift us toward a planned economy. More government, less private sector. Higher taxes, less prosperity. From the Free Market to socialism.
Democrats Still Want Mandatory Seat Belt Laws for Adults in New Hampshire
New Hampshire is the only state in the country that does NOT mandate seatbelt use for adults. But the same folks who said a handsfree device ban would make the roads safer (it did not) are looking once more at imposing a mandatory seat belt use law for Adults
Janus … They’re Back … Public Unions Need Revenue
Labor leaders have launched a state-level counterattack against the Janus decision because public unions need revenue. Janus is a 2018 Supreme Court decision. It declares mandatory union dues and fees for government workers unconstitutional. The Supreme Court ruled that mandating union fees as a condition of employment violates the free speech rights of workers. The … Read more
Public Unions Need Revenue… They Are Attacking Janus
Labor leaders from public unions need revenue which has led them to launch a state-level counterattack the Janus decision. Janus is a Supreme Court decision. It declares mandatory union dues and fees for government workers unconstitutional. The Supreme Court rule is that mandating union fees as a condition of employment violates the free speech rights … Read more
Trump Tax Cuts Produce Record Business Tax Revenue in October – Personal Tax Revenues Down 3 Billion
Those evil tax cuts for businesses we all heard so much about just set a record for taxes received from businesses. In October, the first month of the new fiscal year, of $252,692,000,000. That’s more than $11.4 billion above revenue for October of last year, which was the previous record tax revenue for an October. … Read more
Notable Quote – Democrats Are A Spending And A Revenue Problem
“Ask a democrat and they will tell you “we have a revenue problem.” But the only reason you could ever have a revenue problem is if you first have a spending problem. But if you have elected Democrats, you will always have a spending problem. And you will always have a spending problem because … Read more
Extinguishing Tobacco Revenue In Our Lifetimes
I told them. If you want people to quit smoking, you had best not get used to the revenue from tobacco taxes. Don’t count on it for anything if you want to extinguish smoking in our lifetime. You know, make it history? But what did New Hampshire Democrats do when Republicans tried to back away from tobacco by lowering the tax just one thin dime? They snapped like addicts in withdrawal. They got the Democrat DT’s and everything.
You can’t cut the tobacco tax. We’re losing revenue. We need that revenue. I gotta have revvvaaaaannnooooo. (Insert primal scream here.)
Their new plan? Same as their old plan. Raise the tax on a product they don’t want around to tax. Yeah, that will fix the wagon (actually it wont) ….until January2014 when a provision in Obama-Care delivers the coup de gras.
MYTH 3: We have a “revenue” problem
You can read Myth’s 1, 2 and 4 here should you care to; my purpose for the moment is to mug and pummel the idea that spending is not the problem and this helps illustrate that.
The revenue problem refers to the notion that revenues are too low. Typically, special attention is drawn to the tax rates paid by the “wealthy.” However, taxes are not too low. In actuality, taxes are too high. Once again, take a look at the last 20 years. In 1992, federal tax revenue totaled $1.642 trillion in 2012 dollars. In 2012, revenue skyrocketed to $2.435 trillion in 2012 dollars. While federal spending has eclipsed revenue by more than $1 trillion each of the last four years, too little revenue has not been the culprit!
Put another way, imagine that you are earning 793 billion more dollars today than you were twenty years ago and yet your lifestyle still exceeds your income by more than a trillion dollars a year.
Do you think the someone with the Name tag that reads ‘Hello My Name is: Federal Government” could use a little intervention?
Smoke Em After You Buy Em…In New Hampshire
Right off the bat, thanks to Matt at Red Hampshire for reminding me about Ken Wyler’s bill to cut the cigarette tax by $0.10 cents per pack. (HB 156) I’ve been queuing up a post on this having written about it often and what better time than now to unload it.
First the basics. Wyler thinks cutting the tax by a buck a carton will actually increase revenue by attracting more out of state traffic. Ken is correct. A larger cut would be better, but I guess we can crawl before we walk. And with that in mind, lets review why it will raise more revenue. And I’m not even going to have to go back very far for a decent flashback.