We stand with Gov. Hassan in her decision to veto the fiscally irresponsible and unbalanced Republican budget, which we can only describe as a trail of false promises.
You may have heard Republicans claim that their budget increases funding for critical priorities like substance abuse treatment, mental health services and our seniors. But there’s one very big problem. Republicans’ fiscally irresponsible budget isn’t actually balanced, placing every single one of those priorities – and more – at risk.
This budget overpromises and under-delivers. Our Republican colleagues know that their budget doesn’t actually do what they say it does, but that doesn’t seem to bother them.
Instead of making tough choices and being honest with the people of New Hampshire about what their budget actually funds, Republicans would rather pass a budget riddled with magical thinking and false promises.
Republicans know that because their budget is unbalanced as written, they are simply passing the buck onto state agencies who will inevitably have to decide what critical services to cut down the road to keep the state in the black.
Even worse, their budget hurts our state’s long-term economic outlook by including unpaid-for tax giveaways for big corporations that will blow a $90 million hole in future budgets.
By blowing a massive hole in future budgets, it will be impossible for our state to invest in critical priorities like holding the down the cost of tuition, maintaining safe roads and bridges, and ensuring access to affordable health care.
We don’t have to guess what would happen as a result of these large, unpaid-for tax giveaways. We only need to look at the example of other states across the country, particularly Kansas.
The governor of Kansas proudly declared that his state was a real-world experiment in trickle-down, Koch Brothers’ economics when he pushed through massive, unpaid-for tax giveaways in his state.
What resulted? The state teetered on a fiscal cliff, deficits exploded, bond ratings sank, and none of the economic benefits that were promised actually materialized.
From Kansas to New Jersey to Louisiana and Wisconsin, we’ve seen what happens as a result of unpaid-for tax giveaways: first, deficits balloon, and then critical economic priorities must be cut.
New Hampshire’s economic outlook is promising. In 2014, New Hampshire’s economy grew the fastest in New England and faster than the national average. Not to mention that our unemployment rate is fifth lowest in the country, and our businesses have recovered all of the jobs lost in the recession – and then some.
This is the time to build on our progress by investing in our people and businesses, not let Republicans turn us into Kansas.
House and Senate Democrats will continue to stand with Gov. Hassan as we fight together for a responsible budget that is balanced and that will live up to the promises we make to our families and our businesses.
Rather than repeating the mistakes of states like Kansas, we encourage our Republican colleagues to come to the table and negotiate in good faith so that we can pass a responsible budget that will build on our economic progress and move our state forward.