NHDP Statement: Sununu supports tax plan projected to raise taxes on 70% of Granite Staters
Concord, N.H. - From day one, Governor Chris Sununu has been President Trump's number one cheerleader on a tax reform bill that promises to raise taxes for 70% of Granite Staters. This destructive bill would help Sununu's family, friends, donors, & corporate special interests. Sununu has deceived voters by proactively saying it would help Granite Staters. He later called the plan "phenomenal." Upon the bill's passage in the House, Sununu said he was "pleased" by the bill he thought was a "step in the right direction." However, a report from the non-partisan Congressional Budget Office (CBO) on the Senate version of the bill confirms what was also true of the House bill: working families would be devastated by the Trump tax plan Sununu supports. According to the CBO, families earning under $75,000 a year would see a tax increase in the next ten years while the richest Americans would benefit from a tax cut. 70% of Granite Staters (482,470 of the state's 693,090 tax filers) earn under $75,000 a year. The Senate bill pays for a tax cut to help the wealthiest Americans and big corporations by raising health care premiums and leaving 13 million more Americans without health insurance as well as permanently eliminating state and local tax (SALT) deductions that help more than 200,000 Granite Staters, 86% of whom earn less than $200,000 a year. NHDP Chair Ray Buckley issued the following statement: "Chris Sununu thinks raising taxes on 70% of Granite Staters is 'phenomenal.' It's hard to believe Sununu would endorse such a policy until you look at his record of supporting corporate special interests over working families. This year, he proposed and signed a budget that cut taxes for the wealthiest 3% of corporations in New Hampshire while underfunding key services. Trump's tax plan stands to benefit his family to the tune of $1 billion, which begs the question: how much does the Sununu family stand to gain from this backwards bill? It's clear Sununu is willing to do anything to help his family, friends, donors and special interests, even if it hurts the vast majority of Granite Staters."