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Republicans phased out more than $100 million in taxes on wealthy New Hampshire residents.
In 1923, New Hampshire created a tax targeted at wealthy residents in the state: the “Interest & Dividend” (I&D) tax. In 2021, Republicans—having taken control of all branches of government—began phasing out the tax by reducing it by 1% each year until it reached zero in 2027. In 2023, Republicans accelerated the repeal so that…
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Downshifting: The Quiet Crisis Bankrupting Our Communities
What Is Downshifting—and Why It Should Alarm Every Homeowner A critical economic bait-and-switch is taking place across our nation, most acutely felt in states like New Hampshire. Under the guise of “fiscal responsibility” and “local control,” state leaders are engaged in a predatory practice known as downshifting. Downshifting occurs when state or federal governments deliberately reduce their financial contributions to shared public programs,…