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Home / NH: Democrats Fend Off Republicans – Push Through New Capital Gains, Estate TaxesNH: Democrats Fend Off Republicans – Push Through New Capital Gains, Estate Taxes
Last Updated on Thursday, 9 April 2009 03:53 Written by rslcpol Thursday, 9 April 2009 03:53
From the Associated Press:
House Democrats fended off Republican efforts Thursday to kill capital gains, estate and other taxes needed to pay for an $11.5 billion budget already on its way to the Senate.
The House voted 182-165 largely along party lines to increase existing taxes on dining out, renting hotel rooms, cigarettes and new taxes on gambling winnings, a 5 percent tax on capital gains above $5,000 and an 8 percent tax on estates larger than $2 million. The House also approved freezing an insurance tax scheduled to decrease.
This entry was posted on Thursday, April 9th, 2009 at 3:53 pm and is filed under State Legislature News.
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