Get into the weeds and pay attention. That was the advice that came from former Sen. Blanche Lincoln of Arkansas, who was on a recent radio show I heard on WKXL. She urged listeners to pay close attention to the tax debate around the president’s plan to spent trillions on infrastructure. She points out that if the White House has its way, and Congress approves it, the overall corporate tax rate will balloon to 34% here in New Hampshire, which she correctly points out will do major harm to businesses in the form of companies closing their doors and jobs being eliminated.
She said we need balance and, as a business owner, I completely agree. We can close loopholes on existing tax law and make sure taxes paid aren’t dependent on who has the most creative accountants. People should pay their fair share before we start raising taxes on those following the rules. I hope our delegation is in the weeds and paying attention to this as well, we can’t afford a tax hike this large on our businesses. We are working hard to climb out of the pandemic and the economy hasn’t recovered. A major tax hike is a bad idea.
Shane Sullivan
Concord