RNC - Study shows NH will be hit by Obama's tax proposal

The new Ernst & Young study on President Obama’s proposal to let tax rates jump for those making over $200,000 shows the impact that this will have on New Hampshire. The study details that the tax increase would cost New Hampshire 3,400 jobs as well as almost a billion dollars in lost economic output. While President Obama is sending billions of our taxpayer dollars to his political fundraisers, his out-of-touch economic philosophy is going to hurt Granite Staters:

  • ·         Obama’s Plan To Raise Taxes Would Cost New Hampshire 3,400 Jobs. (Drs. Robert Carroll and Gerald Prante, “Long-Run Macroeconomic Impact Of Increasing Tax Rates On High-Income Taxpayers In 2013,” Ernst & Young LLP, 7/12)
  • ·         Obama’s Plan To Raise Taxes Would Cost New Hampshire $900 Million In Lost Economic Output. (Drs. Robert Carroll and Gerald Prante, “Long-Run Macroeconomic Impact Of Increasing Tax Rates On High-Income Taxpayers In 2013,” Ernst & Young LLP, 7/12)