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House Bill 440 will repeal the ugly tax on interest & dividends

To The Daily Sun,

Please support repeal of the "hidden" New Hampshire income tax.

Even though we claim to have no personal income tax in New Hampshire, in reality we actually do. It is a 5 percent tax on interest and dividend income, and it may also apply to income from an S Corporation, a partnership, or an LLC.

The 5 percent rate is higher than the income tax rate of several states that have an admitted tax on personal incomes.

The worst effect of the I&D tax by far is on individuals who have worked hard and saved and invested for their future, after paying federal income taxes on whatever income they were able to generate and save.

This falls especially hard on seniors who are sufficiently fortunate to have investments in bonds and/or stocks. Even with the artificially low interest rates being paid on bank accounts, CDs, and bonds, to have to pay 5 percent of the meager interest income to the State of New Hampshire is outrageous, considering how we hold ourselves out as being a low-tax environment.

The I&D tax accounts for only about 4.06 percent of the total state unrestricted revenues, a very small portion of the total. So why is it still there? It is there to penalize people who work and strive and save and invest to support themselves rather than relying on big government to take care of them.

The I&D tax should be repealed and any revenue that mighty be "lost" to the state should be offset by cuts in spending in state government programs.

I am a co-sponsor (along with six other representatives) of House Bill 440, which would repeal the I&D tax, and a hearing on it will be held before the House Ways & Means Committee at 9 a.m. on Wednesday, Jan. 25, in Room 202, on the 2nd floor of the Legislative Office Building, located at 33 North State St. in Concord.

I urge you and any of your friends who also oppose the I&D tax to attend the hearing and voice your support for the bill. It is a very simple matter for you to speak your mind. Just show up, fill out a pink slip available at the entrance to the hearing room, indicate on it your name and town and that you want to speak in favor of, or in opposition to, the bill, and you will be called upon for brief comments by the committee chair.

If you do not show your strong support for the bill, the tax will likely remain in place.

If you have any comments or questions about this matter, please feel free to contact me by email at This email address is being protected from spambots. You need JavaScript enabled to view it. or by phone at 293-0565.

State Rep. Norman Silber

Gilford

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Advocating for placing our soldiers in harm's way is foolhardy

To The Daily Sun,

Some impressions of the confirmation hearings thus far: Senators Graham and Cruz are showing real concern for the people who are coming before them to testify. As with the Democrats on various committees they too are asking probing questions (something new for any GOP/Tea Party member of Congress, right? You bet!).

But, and there is always a but which has to be added to this conversation.

Senators Graham and Cruz are to be considered the ultimate hypocrites. Where were these two individuals during the GOP primaries? Are they now suffering from buyer's remorse? It seems to be their stock-in-trade that they say one thing and do another. Will they follow their conscience or follow the party line and do what they are told to do?

They and other congressional GOPers and Tea Party members are not doing any favors for the citizens of these United States. They are truly making a mockery of our legislative process and body of laws. They sadly continue to speak out of both sides of their mouths.

Is it any wonder that this country is in such horrible straits? Come on America! Wake up and see the truth of just how the GOP/Tea Party members of Congress have taken this country to a very scary place. They will now support President-elect Trump and Vice President-elect Pence for one reason, that is to save or guarantee their own re-election and continued place in Congress.

Now it remains to be seen if Rubio will back up his strong words with actions and vote against Tillerson. Otherwise Rubio becomes yet another party hack who follows the pack of congressional hypocrites.

In watching this latest round of hearings now and listening to Senator McCain try to make a case for again intervening in other countries' troubles, one has to wonder why in the world he continues to believe that inserting this country into more war and strife will resolve centuries of deep discord, hatred and bloodshed.

Advocating for placing our soldiers in harm's way is foolhardy and purposely short-sighted. A short planned trip to other countries, then framing it to sound as if one is now an expert about their affairs is both misleading and a great disservice to the American public at large.

Bernadette Loesch

Laconia

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