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Chris Christie Flees To New Hampshire To Avoid His Major Problems In New Jersey

Chris Christie (Gage Skidmore on Flickr)

Chris Christie (Gage Skidmore on Flickr)

This week, Chris Christie announced his candidacy for President. Unfortunately, with a historic nine credit downgrades, and near last in the nation for job growth, things aren’t going so great back home in New Jersey and his constituents are not so happy about it. Let’s recap: 

And let’s not leave out Christie’s local papers blasting him with scathing editorials that detail his failed leadership and question why he’s running at all.

“Christie wants to expand economic opportunity to all? Then why did he increase taxes on the working poor, kill the state’s affordable housing efforts, and veto a minimum wage hike? He believes in compromise? Then why is Trenton locked in the same kind of partisan stalemate we see in Washington? He believes in leadership? Then why isn’t he doing something about the crumbling bridges, the worsening fiscal crisis, or the sputtering economy?…

And it’s not all Bridgegate, either. That started the descent, and exposed the dark underbelly of his brash style, and the craven culture of this administration. Christie’s collapse, at its core, is about more than all that. It is about the failure of governing in New Jersey.” Star-Ledger Editorial Board

“The greater problem, however, is his record: Even if Christie can outrun the opposition and the scandal, it’s difficult to grasp what he would run on.

While styling himself a pragmatic decider who gets stuff done, Christie has presided over a period of fiscal deterioration and economic stagnation. The budget he just signed required his lawyers to extricate him from the pension reforms he touted as a signature bipartisan achievement. The reversal was at stark odds with his proclamation Tuesday: ‘I mean what I say and I say what I mean.’” Philly Inquirer Editorial Board

NJ Advance Media commentator Brian Donohue explains why Gov. Chris Christie’s presidential bid is nothing but bad news for the state of New Jersey.
(Five ways Christie’s presidential run stinks for New Jersey Video by Brian Donohue and Bumper DeJesus | NJ Advance Media for NJ.com)

The people at YouGotSchooled2016 are back talking about how this years round of Presidential hopefuls faired in their home states especially on issues of education.

  • Public schools: It’s kind of weird that Chris Christie chose to announce he is running for president at a public school when he has slashed education funding by a billion dollars.
  • Higher education: New Jersey’s higher education funding fell from its peak of $2.33 billion in 2006 (pre Gov. Christie) to $1.93 billion in 2013, a 17 percent decline. Thanks, Gov. Christie.
  • Teachers: Aside from the cuts to public education, if you’re a teacher you better avoid Chris Christie all together, unless you want to get yelled at.

But of course, Christie blames the media instead of taking responsibility for his own failed leadership. 

“As Chris Christie continues his tour through New Hampshire, he’s abandoned his own state after years of failed leadership in pursuit of his political ambitions. Granite Staters won’t be fooled by his excuses. Chris Christie’s reckless abuse of power and helping his allies have done nothing but left middle class families in the dust,” said Lizzy Price, Communications Director of the New Hampshire Democratic Party.

The biggest warning of all came from one of the largest newspapers in New Jersey. “After 14 years of watching Christie, a warning: He lies,” wrote Tom Moran editorial board of the Star Ledger.

“Most Americans don’t know Chris Christie like I do, so it’s only natural to wonder what testimony I might offer after covering his every move for the last 14 years.”

‘…Don’t misunderstand me. They all lie, and I get that. But Christie does it with such audacity, and such frequency, that he stands out.”

“…But let’s start with my personal favorite. It dates back to the 2009 campaign, when the public workers unions asked him if he intended to cut their benefits. He told them their pensions were “sacred” to him.”

Chris Christie is a smooth politician that knows how to say what the people in the room want to hear. He is also a brash, overbearing, jerk who continually demeans reporters and people who challenge him on issues.  Christie’s failed leadership doesn’t make him fit to be president of my local PTA, never mind the President of the United States.

Governor Hassan Reiterates Intention to Veto Fiscally Irresponsible Budget, Supports Continuing Resolution

CONCORD – Governor Maggie Hassan issued the following statement today after the legislature voted to pass the Committee of Conference budget proposal, as well as a continuing resolution:

“The Republican budget is unbalanced, dishonest about what it funds, and includes unpaid-for corporate tax cuts that create a more than $90 million budget hole in future budgets at the expense of critical economic priorities, and I will veto it when it comes to my desk. While I am not philosophically opposed to business tax cuts, we cannot undermine our economic future and jeopardize priorities such as affordable higher education, access to health care, safe roads and bridges, and combatting the substance misuse crisis facing our state by not paying for those cuts.

“I have repeatedly offered compromises to address the unpaid-for corporate tax cuts, and will continue to do so, but we cannot enact a plan that would create a $90 million dollar hole in future budgets that will undermine our ability to fund the services we all agree are critical to our people, families and businesses.

“Despite our disagreements on the budget, I appreciate the legislature’s efforts to pass a continuing resolution, and I will sign this measure to keep state government open. Moving forward, I continue to encourage legislative leadership to return to the table and negotiate in good faith to develop a fiscally responsible, balanced budget, and I remain ready, willing and able to sit down with them at any time to reach a true compromise that builds on our progress of the last two years and honestly supports the priorities that are critical to keeping our economy moving forward.”

Tax Expert Agrees That Cuts To Business Tax Will Not Create NH Jobs

National State-Tax Expert Michael Mazerov Outlines Why Business Tax Cuts Will Not Produce Economic Growth for New Hampshire          

Concord, NH – Nearly 50 New Hampshire legislators gathered in Concord today to learn about the impact business tax cuts have had in other states and why such tax cuts are ineffective as a strategy to foster economic growth. Hosted by the New Hampshire Fiscal Policy Institute, the event featured nationally-recognized state tax policy expert Michael Mazerov, who outlined research regarding the relationship between state taxes and economic performance.

“Preserving high-quality state and local services needed by businesses, especially education and infrastructure, should be the primary economic growth strategy for states – including New Hampshire – to pursue,” said Mazerov.

Mazerov’s presentation examined the relationship between taxes and economic growth, explored the impact business tax cuts have had in other states, and discussed the effect tax cuts can have on states’ ability to invest in education, infrastructure, and other areas vital to a vibrant economy.

“What really explains most of the relative rate of job growth among states is their ability to nurture and ensure the survival of the small number of start-ups that develop an innovative technology, product or business model,” said Mazerov.

The negative effect of tax cuts on economic growth is well illustrated by the state of Ohio. Between 2005 and 2015 Ohio implemented numerous tax cuts intended to promote economic growth, yet during this ten-year period the state’s employment rate experienced no net growth while employment increased by 5.8 percent nationally.

“The business tax cuts contained in the Committee of Conference budget would severely constrain New Hampshire’s ability to make critical investments,” said Jeff McLynch, executive director of the New Hampshire Fiscal Policy Institute. “Phasing such tax reductions in over time simply puts difficult tradeoffs onto future legislatures, with no plan for accommodating the loss in revenue.”

Michael Mazerov is a senior fellow with the Center on Budget and Policy Priorities, based in Washington DC, where he focuses on state tax and budget policy. Prior to joining CBPP, Mazerov served as director of policy research for the Multistate Tax Commission.

Is The NH GOP Taking Us Down The Same Road As The Kansas Legislature?

NHGOP Ignores What’s The Matter With Kansas, Unpaid-For Tax Cuts For Big Corporations Will Lead To Years of Red Ink

Look At States Governed By Republicans – Like Kansas – “And It Seems That The GOP Might Need A Collective Refresher Course In Economics, If Not General Math”

Concord, N.H. – As New Hampshire Republicans continue pushing their plan to blow a $90 million hole in future budgets with unpaid-for tax giveaways for big, out-of-state corporations, they’re ignoring one key issue: we’ve already seen how this plays out.

When Kansas Governor Sam Brownback declared his state was a real-world “experiment” in Koch Brothers economics, he was right. The fact is simple: unpaid-for tax cuts will either result in budget deficits, cuts to critical priorities – or as happened in Kansas, both.

A recent report from U.S. News explains, “Look at states governed by Republicans” like Kansas, “and it seems that the GOP might need a collective refresher course in economics, if not general math.”

**See also: “Where Republicans Went Wrong in Kansas” (The Atlantic); “Republicans Have Become the Party of Red Ink” (U.S. News); “Kansas’s Failed Experiment” (The Atlantic); “Kansas Is Totally Screwed” (Mother Jones); “A ‘cautionary tale’ in Brownback’s failed Kansas experiment” (MSNBC); “Charlatans, Cranks and Kansas (New York Times)

“New Hampshire Republicans either need a refresher course in economics, or they could just get on a plane and see what’s the matter with Kansas for themselves,” said New Hampshire Democratic Party Chair Ray Buckley. “The bottom line is that unpaid-for tax cuts result in budget deficits, cuts to critical economic priorities, or as we’re seeing in Kansas, both. Any Republican who tries to claim otherwise needs to take their head out of the sand.”

It ALEC Cheating US Tax Codes As A Non-Profit Charity?

Are corporations who fund ALEC given tax breaks for funding a right wing political lobbying organization?

Is ALEC cheating the system?

The answer to both is YES!  ALEC is technically a 501 (c) 3 or non-profit charity and because of their c3 status and corporation who donates to ALEC would be eligible to receive a tax credit for donating to a charity organization.

For three years the Center for Media and Democracy have been waiting to hear from the IRS over charges levied against ALEC for violating the charity tax status by actively lobbying politicians.

Watch this short video from The Undercurrent as they explain it all.

 

Every Child Matters Grills #FITN Candidates On Working Family Issues

“I think minimum wage is a classic example of a policy that is best carried out in the states,” Republican presidential hopeful Carly Fiorina recently told MacKenzie Flessas at WMUR-ABC TV’s “Conversation with the Candidate” in New Hampshire.

cwtc-Fiorina-034-jpg

“To me, a national minimum wage does not make a lot of sense,” the former corporate CEO said in response to a question that began with the observation that, “In New Hampshire, someone who earns minimum wage earns less than $300 per week.”

MacKenzie is ECM’s New Hampshire field director. She and other ECM staff have also elicited replies during sessions of the TV campaign series from South Carolina Senator Lindsey Graham, former Texas Governor Rick Perry, Ohio Governor John Kasich and Vermont Senator Bernie Sanders. Some highlights are provided here, and the full questions and remarks can be found at WMUR’s website.

ECM was able to ask former Florida Governor Jeb Bush a question today during taping of a program that will be broadcast Friday evening, May 29.

Senator Graham told ECM state director Mary Lou Beaver during one WMUR studio conversation that he has been a leading Republican champion in Congress for early childhood programs because, “by the time you are five years old, 90 percent of your mental development is there.” Graham promised that if he runs for president and wins, he will partner with states to assure adequate nutritional support for kids. But he warned that more ambitious plans to help children– “to give them a chance to compete in the twenty-first century” –will require entitlement reform.

Former Governor Perry told Beaver that he would “repeal Obamacare” and allow states to be laboratories of innovation for health care, suggesting health savings accounts, allowing insurance to be sold across state lines and tort reform as hopeful ideas. That was in response to a question from ECM about how to ensure that low-income children and their parents in New Hampshire would not lose health care access if the Affordable Care Act had to be replaced.

Governor Kasich said that he supports keeping the Earned Income Tax Credit to help low-wage working families, but he declined to endorse expanding or strengthening the program when asked. Kasich pointed instead toward education, including online programs, to help people get jobs that would pay more.

ECM will continue to ask candidates questions about policies that affect kids as part of our 2-year effort to put children at the center of campaign discussion during the presidential election process. In New Hampshire, Save the Children Action Network, a sponsor of the “Conversation with the Candidate” series, is a key partner in the effort to highlight early childhood issues.

We’ll continue to let you know what the candidates say!

On Tax Day, Small Group Of Activists Explain Where Your Tax Dollars Are Going

Tax Day at Kelly Ayotte

On Tax Day, April 15th, a small group of activists took to the streets to inform citizens of how their government is spending their tax dollars.

Tax Day Flier 2015 IMAGE‘Activists affiliated with NH Citizens Alliance for Action, The American Friends Service Committee New Hampshire Program’s Governing Under the Influence project, and NH Peace Action stood outside Senator Kelly Ayotte’s office on Tax Day to draw attention to what they see as the Senators, “Misplaced Priorities”.

There is no denying that we as U.S. citizens are funding the worlds police force, aka the U.S. Department of Defense, with our tax dollars while nearly one-in-three children live in poverty.  The U.S. Government spends $640 billion dollars on the military and only spends $71 on education.  The government has lost sight of it’s priorities and duties to the people. We spend more on the military than the next eight highest spending countries combined.

Some of the reasons our government has lost sight of its true goals is because, lobbyists and military manufacturers are buying politicians.  Defense contractors are spending millions of dollars lobbying Congress to win lucrative contracts manufacturing equipment that we may or may-not even need.

Tax Day Flier Backside 2015 CD2-IMAGEOne activist, Iraq War Veteran, and Director of NH Peace Action, Will Hopkins said, “Senator Ayotte received over $30,000 each from Raytheon, Honeywell, BAE, and Lockheed Martin, and it is their interests that she has served in Washington.  We are here on tax day because the Senator has shown that she is willing to support planes that don’t fly, and tanks that go straight to boneyards any time a campaign donor has a profit to make.”

Over $120,000 dollars just from defense contractors here in New England.  Every dollar spent on lobbying returns $720 in return.

The small group stood outside for two hours on Wednesday and handed out leaflets on the federal budget, and US military spending compared to the rest of the world.'(images on the right).

4-15-15 AFT-NH Legislative Update: The Budget 

The State budget is now in the hands of the Senate Finance committee. They have set up several meeting with agency heads (see below for the schedule).

There have been many news articles stating that the Senate has several goals when putting together the budget:

  • uphold previous commitments, including using dedicated money for its intended purpose,
  • protecting the state’s most vulnerable citizens,
  • add money to the rainy day fund, and
  • improve the business climate, in part by reducing business taxes.


AFT-NH can agree with the first three goals, but as to the fourth we need to remember that by cutting business taxes there will be less revenue for the State. 

We know that in New Hampshire we have few revenue sources and we have a regressive tax system, meaning that citizens who have the least to spare pay the most. To read more on this click here. AFT-NH supports incremental, common-sense reforms designed to make NH’s existing tax system fairer and to produce the revenue needed to preserve the public services essential to NH’s residents, businesses, and visitors.  All of this is vital to our shared economic success.

AFT-NH believes that the Senate should consider passing or including the following bills when putting their version of the budget together:

HOUSE BILL 634-FN-A;AN ACT
 relative to applying the interest and dividends tax to trusts, increasing exemptions, and extending the tax to capital gains; and relative to homeowners property tax relief.

Dramatic revenue shortfalls are having a devastating effect on funding for public services at the State and local levels. While our economy is now growing, the recent economic downturn, sometimes called the Great Recession, has limited our communities’ ability to provide the healthcare, schools, colleges, public safety and transportation that people take for granted in good years but that they increasingly rely on in bad times.

HB 634 will generate as much as $100 million in revenue each year once fully implemented, while providing approximately $25 million annually to cities and towns with the creation of a dedicated funding source for general revenue sharing. These are revenues which are much needed in New Hampshire. This revenue could also help to offset the increases in local property taxes that communities were forced to impose when the state no longer contributed its share to the NH retirement system for local government workers.

HB 551-FN, relative to preventing diversion of business income to tax havens.

Companies doing business in New Hampshire can still avoid paying tax by shifting income overseas to offshore tax havens–places such as the Cayman Islands that have very low or nonexistent taxes. Companies use a variety of strategies to accomplish this and our State loses millions every year in taxable corporate revenue.

To prevent overseas tax haven abuse, states can close the “water’s edge” loophole and require companies not only to report income in other states but also the income stored in tax havens as part of their combined reporting.

Tax reforms that close corporate tax loopholes are especially popular, commanding overwhelming support. Americans want to see corporations pay their fair share, rather than see cuts in education or major entitlement programs and this remains true across party lines.

Cracking down on tax haven abuse is a step toward fairness. Closing the corporate tax loopholes that simply help the rich get richer, while most Americans are paying more in state and local taxes, will tilt the playing field toward fairness.

The Senate Education Committee will be holding public hearings on:

HB 491:  relative to immunity for school personnel using reasonable force to protect a minor. This bill would permit a teacher or other person entrusted with the care or supervision of a minor or pupil to use reasonable force to end a disturbance, to maintain safety, or to remove the pupil or minor from the premises under certain circumstances.  AFT-NH will continue to support and advocate for this bill to pass.

HB 323: relative to the administration of the statewide assessment program.

AFT-NH believe in assessments that support teaching and learning, and align with curriculum rather than narrow it; that are developed through collaborative efforts, not picked off a shelf; that are focused on measuring growth and continuous development instead of arbitrary targets unconnected to how students learn; that rely on diverse, authentic and multiple indicators of student performance rather than filling in bubbles; and that provide information leading to appropriate interventions that help students, teachers and schools to improve, not just impose sanctions that undermine them.

Further, we believe that assessments designed to support teaching and learning must contribute to school and classroom environments that nurture growth, collaboration, curiosity and invention—essential elements of a 21st-century education that have too often been sacrificed in favor of test prep and testing. Specifically, we call on the consortia currently developing assessments aligned to the standards to do their part in solving this by including the crucial voices of teachers in the development of these assessments. We know that collaboration with educators is necessary to ensure that high-quality instruction and content are given their proper emphasis.

In Solidarity,
Laura Hainey
AFT-NH President

Have you visited the AFT-NH Facebook pageand clicked “Like Us”? Please do so today!

You can also follow us on Twitter at @8027aftnh.

Late breaking news appears on Facebook!

UPCOMING HEARINGS 

Wednesday, April 15

10 am House in Session

Senate FINANCE, Room 103, SH
Sen. Forrester (C), Sen. Little (VC), Sen. Morse, Sen. Reagan, Sen. D’Allesandro, Sen. Hosmer
AGENCY PRESENTATIONS ON THE BUDGET AS PASSED BY THE HOUSE
9:00 a.m. Public Employee Labor Relations Board
9:30 a.m. Department of Agriculture, Markets & Food
10:00 a.m. Liquor Commission
10:30 a.m. Department of Corrections
11:30 a.m. University System
EXECUTIVE SESSION MAY FOLLOW

Thursday, April 16

House FINANCE, Rooms 210-211, LOB
9:30 a.m. Executive session on SB 5, relative to transfers into the revenue stabilization reserve account,

Friday, April 17

Senate FINANCE, Room 103, SH
Sen. Forrester (C), Sen. Little (VC), Sen. Morse, Sen. Reagan, Sen. D’Allesandro, Sen. Hosmer
AGENCY PRESENTATIONS ON THE BUDGET AS PASSED BY THE HOUSE
11:00 a.m. Department of Justice
12:00 p.m. BREAK
1:00 p.m. Judicial Branch
2:00 p.m. Judicial Council
2:30 p.m. Department of Information Technology
EXECUTIVE SESSION MAY FOLLOW

Tuesday, April 21

House MUNICIPAL AND COUNTY GOVERNMENT, Room 301, LOB
10:15 a.m. SB 242-L, relative to amending the budget in towns that have adopted official ballot voting.

Thursday, April 23

House MUNICIPAL AND COUNTY GOVERNMENT, Room 301, LOB
10:00 a.m. Executive session on
SB 242-L, relative to amendingthe budget in towns that have adopted official ballot voting.

Tuesday, May 5

House HEALTH, HUMAN SERVICES AND ELDERLY AFFAIRS, Rooms 205-207, LOB
10:00 a.m. Kids Count presentation.

Organizations and Small Businesses Call on Governor to Reject Business Tax Cuts, Voice Concern for State Budget

More than 40 organizations, including 18 small businesses, sign letter urging Governor to reject business tax cuts   

Concord, NH – Representatives from New Hampshire’s small business, nonprofit, education and faith communities gathered in Concord today to speak against proposed business tax cuts. More than 40 organizations, including 18 small businesses, have signed a letter urging Governor Hassan to reject business tax cuts in upcoming or future budgets; the letter was delivered to the Governor’s office on Tuesday morning.

 

“The business tax cuts passed by the Senate earlier this year would drain nearly $28 million out of the upcoming state budget and reduce revenue by more $80 million each biennium once fully implemented, making it all but impossible to restore funding for local aid, services for the developmentally disabled, the state’s public colleges and universities, or a variety of other areas vital to New Hampshire’s high quality of life,” said Jeff McLynch, executive director of the New Hampshire Fiscal Policy Institute. 

 

At a press conference held at the Legislative Office Building, McLynch and representatives of several organizations and businesses who signed the letter to the Governor outlined concerns regarding the FY 2016-2017 state budget and proposals to cut business taxes at a time when the state cannot afford to fund critical needs. 

 

“Forty-one thousand school-age children in our state come from homes where there is an uncertainty of having enough food for all household members because of insufficient income or other resources,” said Scott McGilvray, president of NEA-New Hampshire. “Business tax cuts would endanger the public services on which these students and their families rely, and shift the burden for paying for such services directly onto the backs of those who need them most but can least afford them.”

 

As the version of the budget passed by the New Hampshire House illustrates, the state lacks adequate resources to meet the needs of its citizens, maintain vital infrastructure, and build an economy that works for everyone. The tax cuts proposed by the Senate will drain millions of dollars out of this and future budgets and leave the state further behind. More details pertaining to the fiscal impact of the SB 1 and SB 2 tax cuts are attached

 

“We know that substance misuse costs businesses more than $1 billion per year in lost worker productivity,” said Kate Frey, advocacy director for New Futures. “Can New Hampshire really afford costly business tax cuts at a time when revenues are already insufficient to meet critical needs such as substance abuse prevention treatment and recovery?” 

 

Promoted as means to create jobs and spur economic growth in the state, proposed business tax cuts would benefit primarily large corporations, offering little benefit to most small businesses.

 

“I calculated how much these proposals would save my company when they are fully implemented and it came to less than $150 per year,” said Tom Strickland, president and co-founder of Sequoya Technologies Group, a small IT company with eight employees based in Peterborough, NH. “$150 out of a million dollar budget isn’t going to influence my business decisions. I won’t be hiring new employees or buying new equipment as a result of this tax cut.”

 

Strickland moved his family to New Hampshire 18 years ago to start a business and raise a family, attracted by the state’s high quality of life. Strickland encouraged lawmakers to invest in things that businesses need but cannot do for themselves, such as high-quality schools, well-maintained roads, and high-speed broadband internet. 

 

Participants stressed that businesses and the state would be better served by investing business tax revenue in areas that benefit the state overall – a well-trained workforce, good schools and affordable higher education, safe infrastructure, and health and support services that increase employee productivity and reduce employer costs.

 

New Hampshire has enacted numerous business tax cuts since 2010. In its 2014 report, the New Hampshire Business Tax Study Commission concluded that business tax cuts were impractical at this time and ranked low on the list of business priorities. 

 

The Reverend Jonathan Hopkins of Concordia Lutheran Church, president of the board of directors for the New Hampshire Council of Churches, closed the press conference with the following remarks: “It is good business to care about our entire community, and it is the right thing to do. To give tax breaks to businesses while cutting services desperately needed by the most vulnerable in our state would be morally wrong, and fiscally foolish. I hope all people of conscience will stand with us and say that we need a budget that makes sense for all of the citizens of this great state.”

 

The full text of the letter to Governor Hassan and complete list of signatories is attached

 

The New Hampshire Fiscal Policy Institute is an independent, non-profit, non-partisan organization dedicated to exploring, developing, and promoting public policies that foster economic opportunity and prosperity for all New Hampshire residents, with an emphasis on low- and moderate-income families and individuals. Learn more at www.nhfpi.org

 

Senate Ways and Means Votes to Cut Business Taxes While State Struggles to Fund Critical Needs

CONCORD, NH – The Senate Ways and Means Committee today approved two separate bills that together would reduce business tax revenue by tens of millions of dollars at a time when the state is struggling to fund public services vital to New Hampshire’s economic future.

SB 1, which would lower the business profits tax (BPT) rate, and SB 2, which would lower the business enterprise tax (BET) rate, together likely would reduce state revenue by nearly $70 million on a biennial basis once fully phased in.

“The Committee’s action today shows where the Senate leadership’s true priorities lie,” said Jeff McLynch, executive director of the New Hampshire Fiscal Policy Institute. “Rather than wait until it has developed a budget that ensures New Hampshire can continue to invest in higher education and other services that foster growth, the Senate now seems poised to put costly and ineffective business tax breaks at the head of the line.”

The committee amended both bills to extend the period over which they will be implemented with both taking full effect in 2020.

“Making these tax cuts more gradual does not make them any more affordable over the long run,” said McLynch. “It simply puts off the day of reckoning without a plan for how future budgets will accommodate the loss in revenue.”

New Hampshire’s revenue system has yet to fully recover from the national recession of 2007 through 2009. At the close of FY 2014, General and Education Fund revenue amounted to $2.17 billion. After adjusting for inflation, that sum is approximately 12 percent or roughly $290 million less than what the state collected from the same sources in FY 2008. Between FY 2008 and FY 2014, the combination of the BPT and BET, after adjusting for inflation, has dropped almost 20 percent or just over $136 million.

McLynch provided testimony outlining the shortcomings of proposed business tax cuts at the Senate Ways and Means Committee’s January 20 public hearing. The testimony is available online.

The New Hampshire Fiscal Policy Institute is an independent, non-profit, non-partisan organization dedicated to exploring, developing, and promoting public policies that foster economic opportunity and prosperity for all New Hampshire residents, with an emphasis on low- and moderate-income families and individuals. Learn more at www.nhfpi.org.

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