Low taxes creates jobs.

March 7, 2009 - 07:19 pm

By Steven J Connolly, Stephen Connolly

Low taxes create jobs.

Too bad the New Hampshire House apparantly doesn't see it that way.

From the 3/6/09 House Record.

"The minorities contention that revenues lost would be immediately made up by economic expansion is not borne out by history or economc theory."

This is quite a statement.

What they neglect to say is that higher taxes actually squeeze out business that can move to lower cost states like North Carolina, Kentucky and Alabama.

New Hampshire won't have to worry about protecting revenue streams to the Educational Trust Fund. At this rate their won't be any revenue to protect. So much for the economic theory that lowering taxes doesn't create economic activity.

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