Americans for Prosperity Releases 2017 Legislative Agenda Including Right to Work, Additional Tax Relief for Employers
MANCHESTER – Americans for Prosperity – New Hampshire (AFP-NH) today released its 2017 state Legislative Agenda at a press conference in Concord that included sponsors of key pieces of legislation within the agenda. The group’s agenda includes items such as passing a Right to Work law to join the 26 states nationally that offer the key worker freedom provision to employees, further reductions in the state’s business taxes, phasing out the interest and dividends tax and efforts to lower energy costs and lift barriers to enter professions.
“This next legislative session represents an opportunity to rebuild the New Hampshire Advantage and push our growth to a higher level,” said Greg Moore, AFP-NH State Director. “Expanding worker freedom, delivering additional tax relief to employers and seniors and lowering energy costs will make our state more competitive and will help to make the Granite State the destination of choice in the Northeast. We look forward to working with the Governor and Legislature to create a growing economy that gives our hard-working families a great chance at success.”
AMERICANS FOR PROSPERITY – NEW HAMPSHIRE 2017 STATE LEGISLATIVE AGENDA
#1 – Pass Right to Work
The 26 Right to Work states across the country see significantly higher wage and job growth than those states where workers can be forced to join a union or pay fees to unions in order to keep their jobs. Passing Right to Work would make New Hampshire the only state in the Northeast with this important worker freedom protection, which would offer a critical competitive advantage in attracting good, new jobs here.
#2 – Lower the Business Profits Tax to 7.5% and the Business Enterprise Tax to 0.5%
The Business Profit Tax is scheduled to fall to 7.9% on January 1, 2018. While that will lower the effective rate below Massachusetts’ 8%, it will only be by 0.1%. Employers need to a larger differential to contemplating relocating their businesses. A 7.5% rate would offer a substantial distinction that would enhance New Hampshire’s competitiveness. While lowering the BPT would help attract larger employers here, lowering the Business Enterprise Tax would help small business thrive, giving them a reason to grow and add new employees.
#3 – Begin to phase out, and ultimately repeal, the Interest & Dividends Tax
The Interest and Dividends Tax is New Hampshire’s only income tax. It is a tax that disproportionately falls on seniors, and with the recent state law changes exempting trust from I&D tax, it is now a tax that falls largely on the backs of middle class seniors. Similar to Tennessee, New Hampshire should phase out this tax and become entirely income tax free.
#4 – Repeal Renewable Portfolio Standards or rebate 100% of RPS funds back to ratepayers
New Hampshire’s Renewable Portfolio Standards is a dysfunctional program that drives up electricity costs without providing renewable electricity here. At a time when businesses are leaving the state due to high electricity costs and others are raising the alarm, it’s time to end these handouts to special interests and return these funds back to the ratepayers, so that New Hampshire can become more competitive.
#5 – Reform occupational licensure statues
Occupational licensure creates a barrier to many to finding good jobs. In many cases, these licenses do not protect the public, they are merely a way to limit the number of people taking jobs in an effort restrict supply. New Hampshire should begin to repeal unnecessary licenses and sunset all other licenses to force a reassessment of each to ensure that the requirements are not unduly restrictive.
Americans for Prosperity exists to recruit, educate, and mobilize citizens in support of the policies and goals of a free society at the local, state and federal level, helping every American live their dream – especially the least fortunate. For more information, visit www.americansforprosperity.org