Does The Election Of Maggie Hassan And President Obama Mean More Taxes For Granite Staters?

NHPR

That’s what Republicans have wanted to you believe all election season.

Sounding exhausted by the question, Maggie Hassan spokesperson Marc Goldberg says an income or sales tax is still off the table for Hassan. “As Maggie said repeatedly during the campaign, she opposes an income tax and would veto one if she was governor.”

When asked about increasing business taxes, Goldberg was less specific. “She will work with the legislature to craft a balanced budget,” was his response.

Jeff McLynch at the New Hampshire Fiscal Policy Institute says that “the state will have to come to terms” with the tax cuts of the last legislative session. They “may have to make other changes to compensate for that loss of revenue.”

As a candidate, Hassan endorsed increasing tax credits for businesses investing in research and development, while her opponent supported cutting business taxes.

Of course, much could change once Hassan is inaugurated, this coming January.

Meanwhile, the President has asserted throughout his campaign his desire to raise taxes for those earning over $250,000 a year.

“The White House feels strongly that Obama ran on a platform to raise taxes on the wealthy and now has a mandate to do so,” The Washington Post reported after a conversation with an unnamed White House official.

To read more about the impact of Obama’s reelection on taxes, check out these posts:

Bloomberg

Washington Post

NBC News

 

Comments

  • Houmid

    My objections to Mags is that as a Democrat, she is opposed to the literal principles of the Constitution, opposed to small government with few regulations, and against fiscal responsibility. This was clearly stated throughout her entire campaign. Which makes Marc Goldberg’s statement that, “She will work with the legislature to craft a balanced budget,” a big red flag that the budgets she proposes will include massive spending increases and massive tax and fee increases to ‘balance” that spending.
    Normally, I’d expect the Senate and House to put the brakes on stupid spending initiatives; but the majority of *unprintable* new voters in the Granite State just guarranteed that instead of gridlock, the government will be marching in lockstep as they goosestep over the bodies of those few still working in this state.

  • TC Jatko

    Yes!

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