HB2, the companion bill to the state budget, is not only fiscally irresponsible during these difficult economic times, but it calls for many radical tax hikes that will affect every family in New Hampshire.
Specifically, HB2:
*Calls for a NEW Capital Gains Tax of 5% – affects every family saving for college or retirement
*Calls for a NEW Inheritance Tax (also known as the “death tax”) of 8% – affects every family after coping with the loss of a loved one!
*Increases the gas tax by 15 cents over the next 3 years – affects every family who drives a car!
In addition:
The Democrat budget is an INCREASE over the last biennial budget by 11%
The Democrat budget raises new taxes without the full legislative process of committee and floor votes in the form of capital gains income tax of 5% and “death” tax of 8%
The Democrat budget taxes gambling winnings at 10%
The Democrat budget raises the gas tax by 15 cents
The Democrat budget increases the rooms and meals tax by nearly 10%
The Democrat budget raises the cigarette tax for the 4th time in 5 years
The Democrat budget does NOT include school construction aid
The Democrat budget raids the JUA medical fund of $60 million in the next biennium, raising serious legal and fairness questions
The Democrat budget irresponsibly SPENDS money and RAISES TAXES in a time of recession
The Democrat Budget will cost $133 million in additional property taxes to be paid by our constituents
HB2 was passed 182-165 along party lines. See who voted (Yea) for this bloated budget.
A Republican budget would do these things;
The Republican budget spends 2.6% LESS than the previous biennial budget
The Republican budget funds essential state services while living within existing revenues
The Republican budget creates NO NEW TAXES and RAISED NO EXISTING TAXES
The Republican budget suggests some cuts in ALL departments and branches over the coming biennium
The Republican budget fully funds our responsibility of state revenue sharing with local municipalities
The Republican budget restores $83 million in school construction aid
The Republican budget does not raid the JUA medical fund in the coming biennium
The Republican budget leaves us with more than $50 million in the Rainy Day Fund at the end of the biennium
Please contact the members of the Finance Committee:
Sen. Lou D’Allesandro
(603) 271-2600
dalas@leg.state.nh.us
Sen. Harold Janeway
(603) 271-3041
harold.janeway@leg.state.nh.us
Sen. Sylvia Larsen
(603) 271-2111
sylvia.larsen@leg.state.nh.us
Sen. Magaret Hassan
(603) 271-2111
maggie.hassan@leg.state.nh.us
Sen. Kathleen Sgambati
(603) 271-2641
kathleen.sgambati@leg.state.nh.us
Sen. John T. Gallus
(603) 271-3077
john.gallus@leg.state.nh.us
Sen. Bob Odell
(603) 271-6733
bob.odell@leg.state.nh.us
Please contact your Senators to have them OPPOSE this bill.
Senator John T. Gallus email: john.gallus@leg.state.nh.us 603-271-3077
Senator Deborah R. Reynolds email: deb.reynolds@leg.state.nh.us 603-271-3569
Senator Kathleen G. Sgambati email: kathleen.sgambati@leg.state.nh.us 603-271-3074
Senator Matthew S. Houde email: Matthew.Houde@leg.state.nh.us 603-504-2744
Senator Jacalyn L. Cilley email: jacalyn.cilley@leg.state.nh.us 603-271-2642
Senator Harold W. Janeway email: harold.janeway@leg.state.nh.us 603-271-3041
Senator Bob Odell email: bob.odell@leg.state.nh.us 603-271-6733
Senator Sheila Roberge email: sheila.roberge@leg.state.nh.us 603-271-2166
Senator Molly M. Kelly email: molly.kelly@leg.state.nh.us 603-271-7803
Senator Peter E. Bragdon email: peter.bragdon@leg.state.nh.us 603-271-2675
Senator Peggy Gilmour email: Peggy.Gilmour@leg.state.nh.us 603-465-2336
Senator Bette R. Lasky email: Bette.Lasky@leg.state.nh.us 603-888-5557
Senator Sharon M. Carson email: Sharon.Carson@leg.state.nh.us
Senator Sylvia B. Larsen email: sylvia.larsen@leg.state.nh.us 603-271-2111
Senator Theodore L. Gatsas email: Ted.Gatsas@leg.state.nh.us 603-271-2709
Senator John S. Barnes, Jr. email: jack.barnes@leg.state.nh.us 603-271-6931
Senator Betsi L. DeVries email: betsi.devries@leg.state.nh.us 603-271-6933
Senator Robert J. Letourneau email: robert.letourneau@leg.state.nh.us 603-271-2118
Senator Lou D’Allesandro email: dalas@leg.state.nh.us 603-271-2600
Senator Amanda A. Merrill email: Amanda.Merrill@leg.state.nh.us 603-868-2491
Senator Michael W. Downing email: michael.downing@leg.state.nh.us 603-271-8630
Senator Margaret Wood Hassan email: maggie.hassan@leg.state.nh.us 603-772-4187
Senator Martha M. Fuller Clark email: martha.fullerclark@leg.state.nh.us 603-271-6933