It was right here on NHInsider.com that I reported of the substantial tax liens placed on the Great Northern Paper Mill in East Millinocket, Maine which is now owned by Cate Street Capital of Portsmouth,NH.
Everyone has their position(s) on taxation but on this particular case I felt the officials in Millinocket were "pushing too hard" especially against a company and long-term employer that was struggling to keep moving. As I recall, some of the respondents to my blog didn't have much sympathy for the plight of Great Northern Paper instead they sided with Millinocket and the tax liens.
Well guess what the bureaucrats, functionaries and their elected officials are going to get with their tax liens?
More than likely cents on a dollar and then after that nothing.
Great Northern Paper announced a Chapter 7 bankruptcy and has begun liquidating it's assets. This is what happens when "they push too hard."
I find it interesting all these press releases and ideas in New Hampshire involving creating jobs and economic development, including all those wonderful "grants." But somehow these press releasers including Gov. Hassan never talk about tax reduction because all they want is the money.
It is a version of "us v. them."
New Hampshire innovation economy.