PEARL: Hassan, Washington Should Follow NH’s Fiscal Lead
Crisis after crisis and still the American economy keeps coming back, led regionally by the Granite State of New Hampshire. After suffering tens of thousands of job losses at the height of the pandemic, New Hampshire’s unemployment rate today is an eye-poppingly low 2.9%. These days, the biggest obstacle facing Granite State business owners is finding enough quality applicants to fill necessary positions.
This isn’t by accident. New Hampshire’s dynamic economy is the result of a series of policy choices beginning in the 1970s and continuing to this very day. Back then voters said “no thank you” to the idea of a broad-based income or sales tax, which built the foundation for the economic freedom and prosperity we’re experiencing now.
Fast forward to 2016. That year the General Court began to reduce taxes on employers large and small. Over the course of five years, we’ve…