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Tax cuts without revenue is ‘risk in hope of a gain’

By Staff | Sep 25, 2015

The speaker of the New Hamp­shire House is insisting the gov­ernor vetoed the budget because she was against a tax cut for 35,000 businesses. Today the governor agrees to a tax cut for 35,000 busi­nesses if the legislators have a plan to replace the unpaid revenue.

Let’s face it, losing revenue from 35,000 businesses creates a severe funding challenge to home health care services, the developmentally disabled and mental health commu­nities.

The economy is growing, jobs are plentiful. The legislative notion that losing revenue is a catalyst for at­tracting new taxpaying companies to New Hampshire is highly specu­lative. A risk in hope of a gain.

Donald Jean

Nashua

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