Tax Cut Vertigo
The temporary five-cent gas tax cut passed the House yesterday. Is it political posturing or an altruistic measure for cash-strapped New Hampshire consumers? We look at three sides of the nickel, and welcome your thoughts, too.
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The Price of Taxing Tobacco
Can reducing New Hampshire’s tobacco tax actually increase state revenues from tobacco taxes?
Assuming a big increase in sales due to the lower tax rate, that’s the idea behind a bill that’s getting its second public hearing today. House Bill 156 passed the House last month, and is now with the Senate Ways & Means Committee. But the bill’s fiscal note, prepared by the N.H. Dept. of Revenue Administration, predicts a different future.
Testing Tax Cuts
Republican leadership at the State House has made tax cutting and budget balancing top priorities and today, the House Ways and Means Committee will hold public hearings and may have executive session votes on nine tax-related bills.
They include three measures we are watching that could lead to tens of millions in tax cuts on tobacco sales, rooms and meals and gambling winnings — but possibly make budget balancing even more difficult.
Study Season
While the 2010 campaign season reaches full-fever pitch, last year’s legislative work still continues with many study committees and commissions. Here are a few we’re keeping an eye on, followed by a short explanation of how these study committees operate.