EagleTribune.com, North Andover, MA

Opinion

October 28, 2012

Editorial: Lamontagne will improve New Hampshire’s economy

This election, more so than others in recent memory, is about jobs and the economy. That’s true on the state as well as the national level.

The country is mired in the economic doldrums with a recovery that is anemic at best, virtually indistinguishable from a recession. Business is paralyzed by uncertainty, unwilling to make the investment needed to add jobs and expand operations, unable to obtain credit from hyper-wary banks, fearful of what new punitive regulations or imposed costs may be coming from the federal government.

New Hampshire is little different from the rest of the country. The state has been fortunate to see its unemployment rate remain below the national average. But while the country’s rate is trending lower, New Hampshire’s jobless rate is ticking higher, up to 5.7 percent in September 2012 from 5.4 percent in September 2011.

New Hampshire needs a governor who knows the importance of attracting new business investment in the Granite State. It needs a governor who can enact policies that will give businesses the confidence and the means to grow, expand and add jobs.

Ovide Lamontagne is the governor New Hampshire needs.

The Manchester Republican is solidly rooted in conservative economic principles. He understands that oppressive taxation stifles growth and kills jobs.

Lamontagne wants reform of New Hampshire’s two main business taxes: the business profits tax, an 8.5 percent levy on business income; and the business enterprise tax, a 0.75 percent tax on compensation, dividends and interest.

Lamontagne wants to extend tax credits to businesses based on the number of new, full-time employees they add. He wants to lower the state’s business profits tax from 8.5 percent to 8 percent. And he wants to streamline tax rules so that businesses spend less on paperwork and compliance.

Lamontagne says he will make up for any loss in revenue through further spending cuts.

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