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Video: CSLNH: Progressive NH Rep. Susan Almy wants government to regulate your eThis forum post is dated 08/31/10. If you feel it is old or outdated, please follow up with a question or comment and someone may be able to update it, or reply with newer information if you have it. New Hampshire - Working Families Party
| Video: CSLNH: Progressive NH Rep. Susan Almy wants government to regulate your e STATE DEMOCRATS RECKLESS SPENDING, LLC TAX ARE STEPS TOWARD CONTROL OF ECONOMY Citizens for Sensible Legislation warns about liberal deception aimed to sneak through income tax CONCORD, NH ― Now that the Democratic Party controlling the state Legislature has successfully spent more money than New Hampshire residents can afford, these irresponsible progressives are working overtime to promote new taxes, such as the LLC business income tax, to try and cover their spending spree. Working families of New Hampshire know that raising taxes in the midst of a struggling economy defies common sense, said Andrew J. Manuse, communications director of Citizens for Sensible Legislation. If these new taxes are allowed to stand, it will assuredly lead to more job losses, fewer business opportunities and less innovation. The idea of creating new taxes during tough economic times is so irresponsible that there is clearly another motive behind the spend, then tax policies of the current Legislature. Limited Liability Companies already pay Business Enterprise Taxes on payroll and interest like other businesses in the state. But with this new LLC tax, such company owners will have to pay taxes on net profits. According to the way LLCs are organized, company profits are really just an accounting term for the owners personal income. The state has also assumed a power to define reasonable compensation, which will literally seize the money that business owners have rightfully earned to pay their <b>...</b> |
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