Judging by the reaction of New Hampshire’s left, the recently passed business tax deductions and Interest and Dividends (I&D) tax phaseout by the Republican-controlled legislature is an act in class warfare. But this is nothing new.
We learned that Wednesday was House Budget Day. The NH House spent the better part of Wednesday passing a budget that kept Republican campaign promises. We passed HB1 and HB2, the budget bill and trailer bill, which effectively utilized tax dollars, and cut back government spending while cutting taxes.