Keene official: Housing market trends expected to drive values up, tax rate down concordmonitor.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from concordmonitor.com Daily Mail and Mail on Sunday newspapers.
Forum, May 7: New Hampshire needs revenue from tax on interest and dividends
Published: 5/6/2021 10:00:04 PM
Modified: 5/6/2021 10:00:02 PM
New Hampshire needs revenue from tax on interest and dividends
As New Hampshire begins to recover from the pandemic, tens of thousands of families are still struggling financially. Yet Gov. Chris Sununu’s draft budget calls for millions of dollars in tax cuts.
Among those, he wants to eliminate the interest and dividends tax even though it is estimated to raise more than $130 million this year from fewer than 60,000 people and companies. This is irresponsible.
The interest and dividends tax truly taxes the rich, not the poor or middle class. The rate is just 5% and the first $2,400 is exempt, plus an additional $1,200 for anyone 65 or older or disabled. And New Hampshire does not tax interest and dividends in individual retirement accounts or capital gains.
Jeff talks with Jim Glassman and Tom Cunningham from J.P. Morgan about the company s 2021 Business Leaders Outlook survey. Based on the survey, and on what Tom is seeing first hand with clients in New Hampshire, the pair is optimistic about the economy, and opportunity for a return to modest growth, in 2021.
This week, we re joined by the team of Dartmouth-Hitchcock s new COVID-19 podcast, The Cure. The team discusses how the podcast aims to combat misinformation about COVID-19 and the vaccine, they break down the logistics of vaccine distribution in New Hampshire, and talk about the long term.
Liz Gray of the NH Small Business Development Center provides a look into what kinds of challenges the SBDC was able to help small businesses meet during the past year, and her outlook for the business now and as the year unfolds.