CONCORD – House Republican Leader Gene Chandler (R-Bartlett) released the following statement in reaction to the recently published Business Tax Climate Index from the non-partisan Tax Foundation. The index placed New Hampshire 8th nationally for overall tax climate, but 48th in the nation for corporate taxes.
House Republican Leader Gene Chandler (R-Bartlett)
“This should serve as another red flag to lawmakers that we need to take a serious look at our approach to business taxes in New Hampshire. This year, when the Governor and House Democrats proposed to suspend several business tax reforms passed by the previous legislature, Republicans fought back. Those reforms will remain law thanks to Republican legislative leaders in the House and Senate.”
“As we’ve learned, even with the meaningful reform we saw during the previous term, we need to do more. We need to compete regionally and nationally in order for businesses to locate, grow and create jobs here in New Hampshire. Our long term economic viability depends on it. House Republicans remain committed to supporting reasonable and meaningful business tax reforms.”