Stephen Calls Report Naming New Hampshire As 2nd Most Expensive State To Manufacture More Reason To End Lynch's Tax And Spend Policies

Press Release

John Stephen, Republican nominee for Governor, today called a report, issued by the University of Connecticut, further reason why New Hampshire must Stop Governor Lynch's policy of taxing and spending. The report, titled "High Wages, Low Costs: A Connecticut Paradox?", reviews the cost of manufacturing in each state nationally, and finds that New Hampshire ranks 49th, ahead of only Vermont, for having among the highest costs to manufacture products, with a cost of 93.5 cents for $1 of manufactured goods.

"Our businesses are paying the price for Governor Lynch's policies of higher taxes, more expensive energy costs and more regulation and it's strangling our ability to grow and create jobs here," Stephen said. "New Hampshire fell to dead last in terms of having the highest business tax rate in the nation under John Lynch, and yet he keep passing new taxes on manufacturing companies, like the job-killing LLC tax, a massive increase in unemployment taxes and huge new fee increases on trucks. We need new leadership to make our state business friendly to create jobs and get our economy moving again."

Stephen has heard from manufacturers across the state who have told him that New Hampshire does not have a competitive business environment to grow and create jobs.

"If we are going to emerge out of the recession with any momentum to add good, new jobs, we need to become competitive again," Stephen added. "This study shows just how far back New Hampshire has fallen in terms of being able to attract manufacturing companies here. We cannot continue down Governor Lynch's path of more taxes and spending and think that it won't hurt our economy. It's time for a new direction of getting back to New Hampshire values of low taxes, limited government and more prosperity."

Source