Tom Fahey summarizes the budget deal approved last night in the Union Leader:
House and Senate members agreed on a plan that does not include a tax on refinancing mortgages, an entertainment tax, a capital gains or estate tax. It also contains no expansion of gambling, a provision that would have sunk the entire budget plan on a House vote, legislative leaders said. The plan also moves ahead without a Senate plan to suspend a tax credit businesses use to cut profits tax bills.
The balancing act includes a $75 million bump in revenue estimates that the committee voted for late last night. Rep. Norm Major, R-Plaistow, who protested two years ago that Democrats had wildly inflated their revenue estimates to balance the 2008-09 budget, agreed with the estimates.
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