New Hampshire
Experts eye tax changes ahead of Trump-era cuts’ sunset • New Hampshire Bulletin
WASHINGTON – The race to harness the tax code is in full swing as economists and advocates across the political spectrum view the expiring Trump-era tax law as an opportunity to advance their economic priorities.
Democratic Rep. Suzan DelBene of Washington said Wednesday that reworking the tax code will be “a reflection of what your values are.”
DelBene, who sits on the U.S. House Committee on Ways and Means Subcommittee on Tax Policy, said her priorities include modernizing the tax code, raising revenue via carbon fees on imported goods, and making permanent an expanded child tax credit akin to the temporary changes in place during the pandemic.
“The top line is starting from what our values and goals are, and then looking at what the policies are that help us get there,” DelBene said at a Politico-sponsored discussion on proposed tax law changes.
The early morning event at Washington’s Union Station brought together tax experts and advocates from Georgetown University Law Center, the Urban Institute, the Heritage Foundation and Groundwork Collaborative.
Tax overhaul
The massive tax overhaul ushered in under the Trump administration permanently cut the corporate tax rate to 21 percent from 35 percent. The 2017 law, championed by Republicans as the Tax Cuts and Jobs Act, also put in place several temporary measures for corporations and small businesses. Some are phasing out or already expired, including immediate deductions for certain investments.
Temporary changes for households included marginal tax rate cuts across the board, a doubling of the child tax credit, and a near doubling of the standard deduction – all of which are set to expire Dec. 31, 2025.
A bipartisan bill to temporarily extend the expiring business incentives and expand the child tax credit beyond 2025 sailed through the U.S. House in late January, but has been stalled by U.S. Senate Republicans who oppose some of the child tax credit expansion proposals.
A May 2024 nonpartisan Congressional Budget Office report estimated extending the tax cuts would cost roughly $4.6 trillion over 10 years. The bulk of the cost would stem from keeping in place individual tax cuts, according to an analysis of the report by the Bipartisan Policy Center.
Critics of the 2017 law point to a recent March analysis from academics and members of the Joint Committee on Taxation and the Federal Reserve that shows that the law’s benefits flowed to the highest earners.
DelBene said revisiting the corporate tax rate, even on the Republican side, is “on the table” and lawmakers will be talking about “where the TCJA wasn’t about investing and making sure that we were being fiscally responsible.”
‘Incredibly bullish’
Lindsay Owens, executive director of the Groundwork Collaborative, said she’s “incredibly bullish” on elected officials making “fundamental changes” to the tax code next year.
The progressive think tank sent a letter last week to House and Senate leadership and top tax writers urging them “to use the expiration of these provisions as an opportunity to address long-standing problems with our tax code, not just to tinker around the edges.”
The letter was signed by 100 organizations from across the U.S., ranging from the AFL-CIO and the United Auto Workers to the National Women’s Law Center and United Church of Christ.
Stephen Moore, who helped write the Trump-era tax law and is now the conservative Heritage Foundation’s senior visiting fellow in economics, said the 2017 law was a “huge success” and that “we’re gonna definitely make those tax cuts permanent.”
Moore is an economic adviser for former President Donald Trump’s reelection effort, but said he was not speaking on behalf of the presidential campaign.
He said he does not agree with Trump on everything, including a promise to enact 10 percent tariffs on imported goods, reaching as high as 60 percent on Chinese imports.
“A tariff is just a consumption tax,” he said. “And so you know, I think that it is not a great policy, in my opinion. But if you’re gonna have a tariff, I would rather have a tariff that is uniform than trying to have, like, a protectionist tariff to, you know, protect this industry or that industry.”
When pressed on data that shows funding the Internal Revenue Service increases revenue, Moore said that President Joe Biden’s increase in funding for the agency is “diabolical.”
New Hampshire
6th Highest Powerball Jackpot, $1.25 Billion, Expected On Wednesday Night, New Hampshire Lottery Says
CONCORD, NH — The Powerball jackpot for Wednesday night is expected to be the sixth largest in history, according to the New Hampshire Lottery.
The jackpot is expected to be $1.25 billion. The one-time cash payout should be around $572 million before taxes. No one has won the jackpot since Sept. 6, when winners who purchased tickets in Missouri and Texas split a $1.78 billion jackpot.
Top 10 Jackpots
- $2.04 Billion, Nov. 7, 2022
- $1.787 Billion, Sept. 6, 2025
- $1.765 Billion, Oct. 11, 2023
- $1.586 Billion, Jan. 13, 2016
- $1.326 Billion, April 6, 2024
- $1.25 Billion, Dec. 17, 2025 (anticipated)
- $1.08 Billion, July 19, 2023
- $842.4 Million, Jan. 1, 2024
- $768.4 Million, March 27, 2019
- $758.7 Million, Aug. 23, 2017
The odds of winning the jackpot are 292.2 million to 1. The odds of winning the $1 million prize — matching five numbers without the Powerball are 1 in 11.7 million.
Charlie McIntyre, the executive director of the New Hampshire Lottery, said last week, $2.4 million worth of tickets were sold in the state.
“We’ve gone a number of drawings without a winner, giving this Powerball jackpot plenty of time to rise to the sixth largest of all time,” said “There’s still time to make your holiday season brighter with a chance at this $1.25 billion prize — all you need is $2 to play.”
Revenue from the sales, he said, helps the commission “continue our daily mission to deliver the maximum amount of revenue to public schools in New Hampshire.”
Since 1964, more than $3 billion has been contributed to schools in the Granite State.
Deer have evolved to survive the stark winter months, with adaptations like a warm winter coat and stores of body fat they can use for extra energy. The animals also reduce their activity and food intake to conserve energy and migrate to a forested shelter called a deer yard, which can provide some protection from the elements.
“Although people may feel badly for deer and want to help, the Fish and Game Department would like to remind the public to never feed deer as it may actually harm them,” said Becky Fuda, the deer project leader at New Hampshire Fish and Game.
In 2015, 12 deer were found dead around a feeding site in South Hampton, after they were given food they could not digest, according to Fish and Game.
Microorganisms in the deer’s stomach help them to digest food. The natural diet of deer gradually changes with the seasons, and the microorganisms also change over the course of a few weeks to help them digest different foods.
But a sudden shift from a high-fiber woody diet to a high-carbohydrate diet offered by humans can disrupt the deer’s stomach chemistry, making deer less able to digest food, and releasing toxins.
And Fuda said feeding can have other negative consequences for deer, like increased risk of getting hit by a car and increased risk of disease transmission.
“Fish and Game strongly discourages the practice,” she said.
There are about 100,000 white-tailed deer in New Hampshire, according to an estimate from Fish and Game.
This story appeared in Globe NH | Morning Report, a free newsletter focused on New Hampshire, including great coverage from the Boston Globe and links to interesting articles elsewhere. To receive it via email Monday through Friday, sign up here.
Amanda Gokee can be reached at amanda.gokee@globe.com. Follow her @amanda_gokee.
NASHUA, N.H. — An investigation into a September burglary involving the theft of $150,000 in jewelry from a store led to an arrest on Tuesday.
The Nashua Police identified the suspect as Nathan Ladue, 34, of Nashua, who was taken into custody on a felony warrant for receiving stolen property.
The case began on Sept. 28 when officers were called to a burglary report at Euddy Jewelry, located at 108 E. Hollis St. Police said that surveillance footage showed a white male driving a vehicle in the area that was registered to Ladue.
Detectives from the department’s Criminal Investigation Division obtained search warrants for Ladue’s vehicle and residence, which allegedly uncovered multiple pieces of stolen jewelry along with illegal drugs.
Ladue was subsequently arrested on a felony warrant on Tuesday.
He is charged with two counts of receiving stolen property, a Class A felony; two counts of possession of a controlled drug, a Class B felony; and receiving stolen property, a Class A misdemeanor.
Ladue was held without bail pending his arraignment at 9th Circuit Nashua District Court on Wednesday. The outcome of the hearing was not immediately available.
Police are asking anyone with information about the case to call the Nashua Police Department Crime Line at 603-589-1665.
Follow Aaron Curtis on X @aselahcurtis, or on Bluesky @aaronscurtis.bsky.social.
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