Hassan proposed $3 in tax increases for every dollar of tax relief.
Concord, NH – Governor Maggie Hassan today announced a possible budget compromise during a press conference.
Senate President Chuck Morse (R-Salem) and Senate Finance Chair Jeanie Forrester (R-Meredith) released a statement following the announcement.
“I am disappointed to learn of this compromise through a press conference, which strikes me as a political stunt, regardless, I will continue to meet and work towards a budget solution for the State of New Hampshire,” said Morse.
“I am encouraged that the Governor agrees with us that high business taxes are a problem and she’s ready to make New Hampshire better than 48th highest in the nation. It is concerning, however, that her proposal also increases spending by about $100 million, and adds $100 million in new taxes and revenues,” said Senate President Chuck Morse (R-Salem).
“Her proposal appears to increase $3 in taxes on New Hampshire citizens for every $1 in cuts made to business taxes, we don’t think that’s a formula that works for working families,” said Senate Finance Chair Jeanie Forrester (R-Meredith).
“The budget we produced is a balanced proposal that makes responsible business tax reductions, without increasing taxes on families in our state. The budget lawmakers agreed to increase funding for drug and alcohol treatment by 75%, while also addressing critical needs of our state, including education, safety, infrastructure, the elderly, and resources for individuals with developmental disabilities. The Governor’s reckless veto has put these important programs at risk,” added Forrester.
“We need to continue working towards a compromise that lives within our means and does not raise taxes on our citizens in addition to properly funding the resources that address the needs of our state’s most vulnerable citizens and provides the foundation for a stronger business economy. That budget already exists and the best way forward is to override the Governor’s veto on September 16th,” said Forrester.