Washington, D.C. – As expected, Senator Maggie Hassan refuses to say where she stands on Bernie Sanders’ $3.5 trillion (more like $5.5 trillion) reckless socialist tax-and-spend reconciliation bill, waiting for Kyrsten Sinema and Joe Manchin to bail her out.
But if she in fact falls in line with Majority Leader Chuck Schumer, which she does 99% of the time, she will vote for the largest tax increase since 1968. Even more troubling, the tax increase will make rates for New Hampshire businesses higher than they are in communist China.
In fact, Bernie’s bill would result in a federal-state corporate tax rate of 32.2% in New Hampshire vs. 25% in China. In Europe, the gap would be even bigger as the continent averages a 19% rate.
Additionally, capital gains taxes would skyrocket. The combined federal-state capital gains taxes in New Hampshire would be 36.8% vs. 20% in China.
As with all tax increases on businesses large or small, they will find their way into increased prices on consumers and stagnant wages for workers.
How can Senator Maggie Hassan, a self-declared “independent” thinker, vote for a socialist overhaul of our government that will heap higher tax rates on Granite Staters than they have in communist China?!
Statement from Spokesman T.W. Arrighi: “As America emerges from the COVID-19 pandemic and struggles with inflation and a sluggish economy, Senate Democrats are seeking record spending and tax hikes as part of Bernie Sanders’ reconciliation bill. Should the bill pass, New Hampshire businesses would be subjected to higher tax rates than their competitors in communist China. It’s hard to imagine how any ‘independent’ Senator from New Hampshire could vote for such a bill, but Maggie Hassan isn’t independent, she is a liberal partisan who is preparing to vote against her state’s interests.”
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