Concord, NH— The New Hampshire House of Representatives today passed a package of new taxes, set to destroy the hospitality and business industry in the state and seriously effect struggling families in New Hampshire.  Jeb Bradley, candidate for District 3 State Senate, released the following statement on the new taxes:

“It is always a bad time for  new taxes, but now more than ever people and businesses cannot afford it.  This bill that passed today hikes taxes on multiple things  that  will have dire effects on families in New Hampshire. Included is a devastating 10% hike in the Rooms and Meals tax. As a state that promotes tourism as our largest industry, and with our largest employer being the hospitality industry, it is outrageous the legislature would attack this industry to pay for the unlimited spending.  New Hampshire will become far less competitive for tours, conventions and other visitors if this tax hike is enacted and people will lose jobs. In an industry already struggling due the economy, this tax will be a killer.

The House also approved creating two new taxes—Capital Gains and the Death Tax. The Capital Gains Tax, if it becomes law, means if you are selling your home at its already depressed price, government wants five percent.  If you are selling out part of your pension and take some money from your 401k, the government wants five percent.  This capital gains tax will diminish private investment, will hurt business and will continue the trend of making New Hampshire less competitive and attractive to new businesses.

“The Death Tax has equally dire ramifications.  When parents die and leave a home to their child, either that child has to have financial means to pay this insidious tax, or sell the home in order to pay the state for the inheritance left. That is an outrage.  Since when does death have a financial penalty to it?

“Concord needs to stop using the backs of taxpayers to fund their outrageous and unnecessary spending habits.  Our elected officials must remember they are there to represent the people, not their personal interests.  I hope the State Senate has more sense.  I know, when I am there, I will.”