Your NH Democrat Majority Hard at Work
CONCORD, N.H. -- Critics are saying a new proposal in the state budget could hurt those who need help making their mortgage payments.
At a time when interest rates are near record lows, many people are finding this is the best time to refinance their mortgages and lower their monthly payments. But as the state tries to find ways to raise revenue, refinancing might cost more than expected.
Some lawmakers in Concord are quietly examining the possibility of including mortgage refinancing under an existing 1.5 percent real estate transfer tax. That means refinancing a $200,000 mortgage would cost the homeowner an additional $3,000.
Your democrat majority hard at work.
Good job, voters.
I'm really loving all this Hopenchange.
How about the Democrats tell us what they DON'T want to tax. Since taking power, they've proposed establishing or raising: sales tax, income tax, candy tax, gas tax, estate tax, capital gains tax, cigar tax, cigarette tax, smokeless tobacco tax, beverage container tax, and now a mortgage refinancing tax, which, by definition, will affect a lot of folks who are already doing what they can to pinch pennies and keep their families in their homes.
By all means, let's make that more difficult for them than it already is!
Here's their "rationale".
Lawmakers said the state is facing tough financial times, and the Department of Revenue is examining a number of ways to raise additional money.
Unlike the hard working, taxpaying citizens in New Hampshire who are just splashing around like Scrooge McDuck in their swimming pools full of gold coins and loose 20's.
That paragraph should read:
Taxpayers said they are facing tough financial times, and that families are examining a number of ways to cut back on their expenses.
But, what do I know. I'm just one of those silly teabagger types who needs to keep my racist mouth shut up so that Anderson Cooper and Janeane Garofalo can tell me what's best for me and my family.
Seriously, though, how many New Hampshire residents increased their household spending by more than 30% over the last two years, knowing they couldn't afford to, and then decided to make up the difference by stealing their neighbor's credit card.
Welcome to Concord.
2010 can't come fast enough.
And, what story about stupid, unpopular legislation would be complete without a comment, or lack thereof, from Governor Invertebrate.
Asked for a response from Gov. John Lynch, spokesman Colin Manning would only say there are several proposals in play.
Staking out a position on any legislation being proposed or discussed, on one side or the other, is like Kryptonite to that guy. His formula for political survival is simple: Don't piss off any particular voter block by actually taking a principled stand on anything.