CONCORD – House Republican Leader Dick Hinch (R-Merrimack) issued a statement following the House vote on HB686, extending the interest and dividends tax to capital gains. The bill passed by a 199-143 vote.
“New Hampshire has gone it’s entire history without a tax on capital gains. Democrats decided that today was the day to move forward with this new tax that could cost $100 million per year. This is a tax on investment, risk taking, and business creation. I can’t imagine this will help our robust business start-up community in the state, and it will discourage new companies from looking to New Hampshire to build and grow. I’m sorry to see such a lack of foresight by Democrats on this issue, and I apologize to our state’s investors and entrepreneurs that Republicans could not stop this bill at this stage of the process.”
CONCORD – House Republican Leader Dick Hinch (R-Merrimack) issued a statement following the House vote on HB623, relative to the rates of the business profits tax and business enterprise tax. The bill passed by a 200-141 vote.
“House Ways & Means chair Susan Almy tells us there is a real threat of a recession, and that’s why Democrats feel they need to go back on our state’s promise to lower our business tax rates. There is no economic philosophy that suggests that higher taxes help stave off an economic downturn. This must be a new theory called Almynomics,” House Republican Leader Dick Hinch said. “The real data doesn’t lie. Our economy is booming in part because of the lower business tax rates. The last thing we need is to take the momentum away by dismantling the progress we’ve made in our business climate. Business will have no faith in predictability of NH legislature to protect them long term, and our ability to compete regionally for growth and development will be severely diminished.”
CONCORD – House Republican Leader Dick Hinch (R-Merrimack) issued a statement following the House vote on HB682, establishing a water resources fund in the department of environmental services and charging certain application and permit fees. The bill passed by a 201-147 vote.
“This bill establishes pricey new fees, and doubles and triples some other existing fees. I have a real problem with the Democrats’ efforts in this bill to go outside of the budget process to raise $3 million in fees to grow government. Even more of a problem is that this bill seeks to take away authority of the legislature to review and set future fee modifications, and gives that authority to the commissioner through the administrative rules process. This sets a bad precedent and suggests that departments like DoT should be able to adjust the gas tax. We need to keep department budget requests in the budget, and we need to keep fee and tax setting in the hands of the elected legislature, and not department bureaucrats. Where will these shenanigans stop?”
CONCORD – House Republican Leader Dick Hinch (R-Merrimack) issued a statement following the House vote on HB712, relative to a family and medical leave insurance program. The bill passed by a 199-133 vote.
“We have a caucus of Democrats who want to increase wages, but at the same time are creating new programs to tax those wages, like the proposal in this bill. Between the uncertainty in our business taxes rates, the threat of increased regulations and mandates, it seems like the Democrats want to tell our small businesses what they can afford, who they can hire, and what benefits they need to provide,” Republican Leader Dick Hinch said. “Our state’s job creators know what it takes to attract and retain employees in this tight labor market. Many of our state’s employers can already provide similar coverage if they think it’s right for their workers. The importance here is the power of choice. The governor’s plan gives them the opportunity to opt-in to a program provide this benefit, while the Democrats’ program mandates it. Apparently, Democrats have chosen to disregard the vocal disapproval of the bill from groups like the Business and Industry Association.“
CONCORD – House Republican Leader Dick Hinch (R-Merrimack) issued a statement following the House vote on HB564, relative to possession of firearms in safe school zones. The bill passed by a 194-154 vote.
“This bill would make any public or private property where a school activity might be happening a gun free zone, including extracurricular activities in parks, town commons, museums, or other public areas. Republicans on the Education committee agreed unanimously that it would be impossible for citizens to know when or if they were in a safe school zone, and put law abiding gun owners in the position of being in violation of this law. It’s unconstitutional, and it is a gun restriction bill disguised as a safe school bill. The New Hampshire School Boards Association opposed the bill, as did a number of groups who oppose these types of bills that chip away at gun owners rights.”
CONCORD – House Republican Leader Dick Hinch (R-Merrimack) issued
a statement following the House vote on HB184, relative to the calculation of
kindergarten students in the average daily membership and repealing prorated
kindergarten funding based on Keno revenues. The bill passed by a 203-148 vote.
“House Democrats are the party of bait-and-switch this year.
Several bipartisan compromises, including this keno-funded kindergarten grant
program, were the result of negotiations and compromises by both parties,” said
House Republican Leader Dick Hinch (R-Merrimack). “Just like their about-face
on business taxes and the Medicaid expansion work requirement, they want to
walk away from this program, just before 29 more towns have a vote on keno this
year. 66 other towns already have keno, and voters may have been moved to adopt
it to support this kindergarten program. It doesn’t make sense to walk away
now. As more towns approve keno and more establishments come on line, revenue
will increase, and there should not be a need repeal this worthwhile funding