MANCHESTER – Americans for Prosperity – New Hampshire (AFP-NH) today highlighted New Hampshire’s poor job creation climate as a result of having the 3rd highest business taxes in the nation. The Tax Foundation, a non-partisan group that analyzed tax policy nationally, released their annual Business Tax Index this morning showing that the state ranks 48th for business tax rates, unchanged from last year.
“This dubious ranking should be a wakeup call to every state elected official who says that they are concerned about creating jobs in New Hampshire,” said Greg Moore, AFP-NH State Director. “You cannot claim to be a supporter of growing good, new jobs here and attracting businesses from out of state and not support taking action on reducing the 3rd highest business taxes in the country. If we are going to maintain a true New Hampshire Advantage, we need to start lowering our business taxes so that our state can become competitive with neighbors like Massachusetts, which is ranked 34th for business taxes. It’s time for true leadership in Concord to get our business taxes out of the embarrassing doldrums we have now.”
AFP-NH led efforts statewide to oppose provisions included in both the Governor’s and the House budget that would have delayed business tax reductions, passed in 2012, that would have offered relief to small businesses from the business enterprise tax (BET) and from business losses.
“Governor Hassan and the New Hampshire House supported raising business taxes even higher in the budget this year,” added Moore. “Thankfully, the Senate blocked this counterproductive and job-killing proposal that could have pushed the state into last place in the business tax rankings. It’s time for our elected leaders to begin looking for ways to reduce taxes on our job creators, as opposed to trying to find new ways in increase spending by making New Hampshire even less competitive for businesses. That’s how we generate new jobs here.”