NH Primary Source: Sununu to propose 'tens of millions' of dollars in tax cuts in budget address

[TexasTowelie]

MAJOR TAX CUTS TO BE PROPOSED. Gov. Chris Sununu has been dealing not only with the state’s public health response to COVID-19 for nearly a year, but he has seen pandemic take the state’s economy and revenue picture on a roller coaster ride.

But as he prepares to deliver his third budget address Thursday, Sununu says the state’s projected shortfall at the end of the two-year period beginning July 1 is now less than $50 million. And as WMUR political director Adam Sexton first reported earlier Wednesday evening, Sununu is now ready to propose a series of across-the-board tax cuts.

New Hampshire Primary Source has been told those cuts will result in “tens of millions of dollars” in taxpayer savings during the two-year period – known in State House parlance as the biennium.

The goal is to continue a push to strengthen and ramp up the economy by easing the burdens on individual taxpayers and the businesses community, which have faced an extraordinarily challenging year.

Read more: https://www.wmur.com/article/nh-primary-source-sununu-to-propose-tens-of-millions-of-dollars-in-tax-cuts-in-budget-address/35475296