Strong majority favor reducing business tax rates - 78 participants
Mar 04, 2017
SB 2 would gradually reduce business tax rates in New Hampshire, cutting the business profits tax from 8.2% to 7.5% in 2017, and the business enterprise tax from 0.72% to 0.5% in 2018. Read more about this issue. On March 4, Citizens Count, NH’s Live Free or Die Alliance decided to put the issue to its Facebook members, posting the question, “Should NH reduce business tax rates?”
Should NH reduce business tax rates?
Participation: 78 participants gave 172 responses.
A total of 91% of those participating gave a ‘yes or no’ response to the question. The remaining 9% of participants engaged in the discussion but did not give a ‘yes or no’ response. In total, 78 individuals from New Hampshire contributed a total of 172 responses or reactions to this question. (Click here for details on our methodology.)
What Participants Said
Yes: A strong majority, at 81% of ‘yes or no’ respondents, were in favor of reducing business tax rates.
- “Consumers pay all taxes. Firms have no money that was not earned from sales. Reducing taxation benefits everyone, because it reduces the costs of doing business, as well as reducing the prices people pay.”
- “Lowering taxes will promote growth and competition and that's a win-win solution for NH.”
- “NH doesn't tax personal income so I don't see why it should be taxing business income. The government should be doing everything it can to get out of the way and make the state an enticing environment for businesses to thrive and create jobs here.”
No: The minority of ‘yes or no’ respondents, at 19%, were opposed to reducing business tax rates.
- “No, reduce personal taxes and fees instead.”
- “I'd rather we keep getting the revenue from the [businesses] we have.”
- “No, raise them.”
Other: As noted above, 9% of those participating did not give a ‘yes or no’ response, instead addressing their comments to related questions and issues. These included:
- Alternatives: “[Reduce rates] for small family businesses only. For large corps that can afford to pay it - no.”
- Conservation: “[NH] should adopt a ‘go green’ campaign and market that to businesses.”
*Editor selection of actual participant quotes.