Concord, NH – Over $250 million in new taxes will by paid by New Hampshire citizens, following today’s vote in the state senate. The vote was on HB 1 and HB 2, the proposed state budget, which increased general fund spending by 8.8%.
“The big-spending Democrats are passing hundreds of millions of dollars onto New Hampshire taxpayers. Rather than increase spending 8.8%, Senate Democrats should hold the line on spending and thus hold the line on taxes,” said Senate Minority Leader Peter Bragdon (R-Milford).
Republicans made several attempts to remove new taxes on businesses and individuals, but these efforts were rejected. The Republican proposals included eliminating $80 million in new business taxes, $40 million in taxes on the tourist and hospitality industry, $50 million in local property tax increases caused by the loss of revenue sharing and $75 million in new tobacco taxes.
“The only solution Democrats offer is higher spending of nearly $1.2 billion and unfortunately supported by higher taxes. This is exactly the wrong time to tax New Hampshire citizens and discourage our businesses from creating jobs,” said Senator Jeb Bradley (R-Wolfeboro).
“Higher spending and increased taxes in a recessed economy are part of the Democrats’ liberal agenda, showing they are out touch with New Hampshire voters. If Governor Lynch signs this budget as passed today, our budget will look like Massachusetts’s in the next biennium,” said Senator Sharon Carson (R-Londonderry).