2018 NH Governor's race: on Tax Reform

Steve Marchand: No sales tax; no income tax; reduce property tax

Marchand: That is correct.

Q: Gov. Sununu prioritizes new businesses; do you?

Marchand: The policies Gov. Sununu has pursued to grow the economy, largely run 180 degrees from what the data tell us we should be doing if we actually want to create jobs and see economic growth. For example, Sununu and the Republican legislature want to cut the Business Profits Tax. Most new businesses lose money at the beginning. When we cut the Business Profits Tax, we downshift costs from the state level to the town level. If [instead] you focus on cutting the Business Enterprise Tax and local property taxes, you will be directly and positively impacting the segment of economy where 80% of net new job growth comes to fruition. The data tells me that focusing on the Business Enterprise Tax and on reducing local property taxes is the winning formula for tax reform that will lead to job creation and economic growth.