Note from Chairman Stepanek

Friend,

This month we have set the tone in a terrific way, marking the first NHGOP newsletter. The weekly release will highlight upcoming events, legislation, and spotlight Republican leadership within the state. This newsletter is part of a broader operation to expand communication within the State Party and to amplify our message across the Granite State.

To drive this operation, we've added D.J Burke as Finance Director and Maya Harvey as Press Secretary to the NHGOP team. Under the direction of Joe Sweeney, I have the utmost confidence in this team's ability to build off the successes we had in 2020 and propel us forward into the 2022 cycle.

To ensure the success of this campaign, it is crucial to build as much attention to our platforms as possible. Please share our newsletter with friends and family of the NHGOP who aren't currently on our email list, and encourage them to subscribe.

Lastly, if there’s anything you see from the Democrats that you would like us to highlight, please reach out to [email protected]!

Sincerely,

Stephen Stepanek

NHGOP Chairman

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Note from Senate President Morse:

This week, the New Hampshire Senate voted to complete a journey we began six years ago. With the passage of Senate Bill 13, we voted to lower New Hampshire’s two largest businesses taxes, the Business Profits Tax and Business Enterprise Tax.

Since 2015, Senate Republicans have been fighting to make New Hampshire’s business climate more competitive. With SB13, we will have reduced the BPT from 8.5% to 7.5%, a nearly 12% reduction in the tax rate. Senate Republicans have also lowered the rate of the BET from 0.75% to 0.5%, a 33% rate reduction on the tax on all New Hampshire employers. Reducing these taxes are important because our Main Street businesses are still struggling from the pandemic. This will help small businesses keep our friends and neighbors employed as we work toward restoring New Hampshire’s economy.

SB13 also doubles the current exemption on the Interest & Dividends tax from $1,200 to $2,400 for those who are age 65 or older, blind, disabled or unable to work and not yet 65. Increasing the exemption for those who are 65 and older will make it easier for them to stay in the state and that is important because a third of New Hampshire citizens will be above 65 by 2030.

This bill was a priority for the late Speaker Dick Hinch, and I was honored to take it up as prime sponsor after his passing.

Six years ago, New Hampshire ranked 48th in the nation for business taxes. So Senate Republicans made business tax relief a top priority. We faced stiff partisan opposition. Democrats refused to support any bill that would lower the tax burden on New Hampshire employers

Every year, Democrats said cutting business taxes would hurt our revenues and cause a huge deficit. And every year, thanks to our growing economy, business tax revenues increased and New Hampshire enjoyed a budget surplus

Now is not the time to raise taxes on hard-working men and women and we will continue to prioritize helping our small businesses get back on their feet by reducing their tax and regulatory burdens.

- Senate President Chuck Morse