Proposed Constitutional Amendment Would Soften Blow of a Broad-Based Tax
Click here to view this article at the source publication
Enacting a broad-based tax has always been the third rail of New Hampshire politics.
A proposed constitutional amendment attempts to soften the blow by requiring all the revenue from any new broad-based tax to reduce property taxes.
The prime sponsor of the CACR 17, Rep. Tom Schamberg, D-Wilmot, said he envisions working with the recommendations of the Commission to Study Education Finding, which had its first meeting earlier this week.
“For over two years, the state legislature and the governor’s office have been trying to put a ‘whale’ known as ‘funding for an adequate education’ into a tub of water,” Schamberg told the House Ways and Committee Wednesday at the Legislative Office Building.