Do we really NEED $500MM? Didn't the legislature cut the budget by 8% in 2009 and create a new floor for lower spending? In Chris Sununu's first term, we cut some (business) taxes and raised revenues. In the mid-teens, we eliminated taxes on NH Trusts, even for those who weren't residents and money flowed in for re-investment. Next year, we will eliminate the I & D tax and all the DRA folks who administer that program can result in lower personnel expenses, or be assigned to more "profitable" pursuits. All us retirees who need I & D income will have more money to spend.
Raising taxes to raise more money should not be the default option in a government budget process.
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