House Leaders Statement on Local Businesses Support for Tobacco Tax Reduction to Grow Economy, Jobs

CONCORD – House Speaker William O’Brien (R-Mont Vernon) and House Majority Leader D.J. Bettencourt (R-Salem) today offered the following statements in response to a press conference held by the state’s grocers and convenience stores owners discussing how a reduction in the tobacco tax will result in increased economic growth.

House Speaker William O’Brien

“The House is absolutely committed to meaningful tax relief to let our employers grow and create new jobs.  With four tobacco tax increases in the past six years, our business owners told us that we were losing our competitive edge and it was hurting other sales, beyond just tobacco products, including and liquor and lottery sales, which cuts state revenue and means fewer jobs.  This tax cut is an important step to regain our advantage and bring business here to New Hampshire.  We strongly believe that reducing this tax will result in more revenue, more economic growth and more tax cuts.”

House Majority Leader D.J. Bettencourt

“Coming from a border community, I hear firsthand from small business owners just how much the erosion of the price differential between New Hampshire and other states hurts our sales and our economy.  We want people to come to our state to do their shopping, which will result in more jobs and more growth.  The tax cut send a clear signal that Republicans are re-opening New Hampshire for business.  However, we aren’t done – we will continue to look for more opportunities to help our employers grow strong here.”