CONCORD – Today, former New Hampshire Governor and Republican State Committee Chairman John H. Sununu released the following statement on Governor Lynch’s disastrous real estate tax proposal:
“Governor Lynch’s plan to make homeowners and businesses who refinance their mortgages pay a huge real estate transfer tax is another example of how out of touch he is with what is happening in New Hampshire. Even President Obama has encouraged homeowners to take advantage of lower mortgage rates to refinance their payments and ease their burden during these very tough financial times.
“Governor Lynch however seems to feel that overburdened mortgage payers should help bailout his disastrous budget. This latest tax gambit by the Governor, when added to his other desperate tax increases, underscores the fact that when the state needs a real governor, there really is no governor to be found.
“ ‘Nice’ works when there are no problems, but today in difficult times New Hampshire could really use some leadership.”
Governor Lynch Is Proposing A Disastrous Real Estate Tax Plan:
Union Leader: “If you're thinking of refinancing your mortgage, you might want to act fast. Gov. John Lynch is looking at a proposal that would tax refinancings the same way we now tax real-estate transfers.” (5/31/09)