To The Daily Sun,
Last week the New Hampshire Senate passed a bill that would reduce the rate of the business profits and the business enterprise taxes. That action will reduce the state revenue about $80 million. So with less revenue for essential community services, who will pick up the cost?
Supposedly New Hampshire has one of the lowest tax burdens in the nation. The tax burden is not shared equally. With the reduction of business taxes, no estate tax, and no income tax, we will see property taxes increase. The least able will continue to pay the highest percentage of their income for taxes.
We will remain a haven for the rich, while local government will need to increase property taxes and many community organizations will need to increase their fundraising efforts. We can hope the wealthy who reap the benefits of low taxes will continue to open their wallets to those organizations and agencies. Our lowest-income families will need assistance to pay their energy, healthcare, housing, childcare, and food.
Our second hope is that our legislators will recognize the need to support a reasonable minimum wage.
- Category: Letters
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