Tax And Spend Economics.


I didn’t watch or listen to the inauguration speech of Governor Lynch I think the news media gave it enough of a treatment: it was about partisanship and what is best for the future of New Hampshire.

Am I close?

Of course it’s a political speech and the fourth term Governor certainly isn’t going to state any real topic that will raise hackles within the house chamber and just maybe this is like his tenure in the corner office. Don’t raise any hackles and do what is best for the future of New Hampshire.

I’m reading the list of legislative service requests for the upcoming session, some of which have already been assigned bill numbers. I don’t know why but somehow it seems all the gun bills seem to make it to the front page of the LSR requests, I didn’t think issues are assigned a category of importance in the Office of Legislative Services but when politics are involved anything can happen. Right now I’ve found only two bills which I think should evoke some interesting debate—but I’ll make my prediction right now: ITL.

2011-H-0065-R and 2011-H-0261-R both call for repealing the tax on gambling winnings. As I’ve reported earlier on this board the Lodge at Belmont closed its simulating operation and laid off employees because of this law and what regressive taxation does to any economic venture.  But I still don’t think this legislature will repeal this tax. I think the Lodge at Belmont made a good argument about the loss of jobs and what this tax really does to New Hampshire. But I don’t think it’s enough of a compelling argument to convince the cash strapped statehouse to pass any bill that means less money for the state.  I also don’t think this has anything to do with partisanship.

It’s pure tax and spend economics.