| IN MEMORIAM: THE INTEREST AND DIVIDENDS TAX House Republicans and Friends Across New Hampshire, In case you missed the funeral that we held this past week, allow me to continue to put a little more “fun” in “funeral” by offering an obituary for the Interest and Dividends tax. The Interest and Dividends tax, or as I call it, the insidious and despicable tax, was established in 1923. From the second that we get our first jobs, we are told about the importance of saving money and setting aside funds for our eventual retirement. For over 100 years, the Interest and Dividends tax siphoned funds from your savings and funneled it into the pockets of the state government. However, in 2021, as part of House Republicans’ transformational symphony of reforms in our state budget, we rid our state of this stain on the New Hampshire Advantage and put the full phase-out of this income tax into motion. Of course, Democrats tried to perform CPR on the tax and filed multiple attempts to reinstate it, but House Republicans stood strong until this tax took it’s place six feet underground. And thanks to Republican leadership, the Interest and Dividends tax was fully laid to rest on January 1, 2025. While reasonable Granite Staters will truly celebrate the demise of this income tax, it will live on in the delusions of Democrats who claim that people, “want to pay” income taxes. Thankfully, House Republicans will work to ensure that this tax does not rise from the dead like a zombie or someone voting for Democrats from beyond the grave. In memory of the Interest and Dividends tax, I urge you to take a moment to look at your retirement savings or bank account. You can breathe a sigh of relief knowing that the State of New Hampshire will not be using it to fund any wasteful spending projects, and you can allocate it for the purpose it was meant for, a long and happy retirement right here in the 603. As Democrats clutch their pearls over people keeping more of their hard earned money, they are already threatening to use their allies on schools boards to raise your taxes. However, I would like to turn your attention to one of the tools which Republicans have sent you to help contain the situation. With a 60% of a local vote, citizens can now impose a spending cap on school districts. Democrats unanimously opposed this. So as Republicans fight to lower taxes wherever possible, Remember that Democrats are never actually interested about reducing taxes, only playing a game of left-pocket-right-pocket with your money. Live Free or Die, |
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| Jason Osborne House Majority Leader |
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Thank you for all the effort to kill this 100 year old tax! Can never understand why these dilusional democrats always want to tax the people they represent.
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