NHDP - Speaker Jasper Confirms Corporate Tax Cuts Would Create A Budget Hole

Concord, N.H. – In an email to members of the New Hampshire House, Speaker Jasper confirmed that Republicans have been misleading voters on the damaging consequences of their proposed unpaid-for corporate tax cuts.
 
Jasper wrote, “I do not believe that cutting [corporate taxes] will bring in more revenue, nor do I believe that by themselves they will make New Hampshire a more attractive state for businesses to locate to or to expand.”
 
“Shawn Jasper’s admission simply confirmed what we already knew: Republicans’ plan for unpaid-for corporate tax cuts would blow a massive hole in the state’s budget at the expense of critical economic priorities for businesses and families,” said New Hampshire Democratic Party Chair Ray Buckley. “Jasper has let his own partisan politics drive the budget process for far too long, and it’s time for Jasper and State House Republicans to finally negotiate with Governor Hassan in good faith on a responsible, compromise budget.”

See coverage roundup below:
 
Union Leader’s Garry Rayno:

Democrats claim a letter sent to all legislators Monday by House Speaker Shawn Jasper indicates he agrees with Gov. Maggie Hassan about business tax cuts.
 
Hassan vetoed the $11.35 billion budget approved by GOP lawmakers last month largely due to business tax cuts she says will eventually blow a $90 million hole in future budgets.
 
… In his reply to Kenison and the other members of the House, Jasper explained as an 11-term representative he often took guidance from leadership and he took issue with her statements about the business tax cuts which she called “trickle down.”
 
“As to the business tax cuts, I do not believe that cutting them will bring in more revenue, nor do I believe that by themselves they will make New Hampshire a more attractive state for businesses to locate to or to expand,” Jasper wrote. “I do believe that they are pieces of a very large puzzle.”
 
Democrats claimed the statement shows Hassan is right and the business tax cuts will blow a hole in future budgets.
 
“While we appreciate Speaker Jasper’s honesty in admitting that the Republicans’ unpaid for corporate tax cuts would blow a huge hole in the state’s budget and are being driven by partisan politics, his admission has truly disturbing implications for our economy and the people he and his members are supposed to be representing,” said House Deputy Minority Leader Cindy Rosenwald, D-Nashua. “It’s time for our Republican colleagues to stop worrying about politics and work with us under the governor’s leadership to pass a compromise budget that is balanced, fiscally responsible and actually meets the needs of New Hampshire’s families, businesses, and economy.” [Full story]
 
NH1 News’s Kevin Landrigan:
 
… Speaker Jasper’s letter to Hassan and follow up emails have fanned even more political flames.
 
Jasper urged Hassan to let House Democrats override her veto this fall so the Republican state budget will prevail.
 
“The cleanest and clearest path forward for you would be to politically free all 170 colleagues allowing them to vote their conscience,’’ Jasper wrote Hassan on July 2.
 
House Democratic Leader Steve Shurtleff said Jasper insulted all House Democrats, who - he said - made up their own minds.
 
… State Democrats seized what Jasper said in an e-mail response to complaining House Democrats about the business tax cuts Hassan says are not paid for.
 
On the tax cuts, Jasper answered, "Nor do I believe that by themselves they will make New Hampshire a more attractive state for businesses to locate to or to expand.’’
 
"I think clearly pulled the curtain back and revealed this was a political ploy and that they need to pay back some favors as opposed to solve real problems,’’ said State Sen. Donna Soucy, D-Manchester.
 
… Gov. Hassan has appealed for legislative leaders to work with her to come up with a compromise but both Senate President Chuck Morse and Speaker Jasper say they will not call lawmakers back into session until after Labor Day. [Full story]