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Monday, June 22, 2009

Jeb Bradley- "New Taxes Galore"

In a guest post over at Granite Grok, State Senator Jeb Bradley says that this budget is a mixed bag, but with more to oppose than to support:

There are new taxes galore however. The tobacco tax will go up by 45 cents -- the fourth hike in five years. Non-smokers may generally be callous to the impact this tax has, but smokers, especially low income people, justifiably believe they are carrying far more than their fair share of the tax burden. This increase will also undermine the cross border advantage New Hampshire has long enjoyed – attracting visitors to purchase tobacco products here and fill our revenue coffers. Convenience stores near the borders will be impacted, and meeting our revenue goals with this tax hike is questionable.

Any gambling winnings will be taxed at 10% including those garnered outside of New Hampshire. Will we be sending auditors to Foxwoods and Las Vegas -- or charitable events in New Hampshire -- to guarantee tax collection? Under those circumstances, is the $14 million of anticipated revenue farfetched?

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