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The NH House passed the budget bill on Wednesday and the budget trailer bill (the bill that makes changes to laws so the budget actually works) on Thursday. The opposition party proposed more than 10 amendments to strip out revenues, including one that would hand out an additional $5 million to insurance companies in the state (talk about screwed-up priorities). None passed. They also proposed to balance the budget by magically reducing total expenses by 13% without saying where and how, or worrying if it is even possible. Now that's responsible!
The budget cuts spending on many services that those who have nowhere else to turn depend on, for the simple reason that that there is no money to pay for them. It includes a restoration of the estate tax and an extension of the Interest and Dividends tax to include capital gains. It also decreases the tax on small savings, benefitting the vast majority of people who earn less than $100,000 per year. Because of the recession, the budget forecasts revenues that are $430 million less than 2 years ago. So how is this portrayed in the news?
Here's the news headline in the UL: "House Backs $200 million in higher taxes"
And their editorial headline: "A deliberate failure: The House's bad budget"
The Monitor said: "House okays new taxes for wealthy"
The key fiscal spokesperson for the House GOP sanctimoniously said: "Republicans as a matter of policy do not believe you raise taxes in a recession." Another said "We will have irrevocably committed this state to the course of an income tax."
Any ideas on how to frame the budget argument a little more accurately?