A new plan for an income tax to fund education in New Hampshire is generating intense debate. Democratic lawmakers and progressive activists have introduced the '3-3 Tax Savings Plan': a 3% income tax and a $3 statewide property tax, each generating $1 billion. This proposal aims to shift the tax burden to wealthier Granite Staters while providing relief to middle-class and working-class families, seniors on fixed incomes, and those burdened by rising property taxes. The plan includes significant deductions: $35,000 for each taxpayer, $15,000 for each dependent, and $15,000 for single heads of households. However, the plan faces opposition from some Democrats and Republicans, who argue it will be a contentious issue in the upcoming election. Critics claim it will disproportionately affect lower-income residents, while supporters emphasize its potential to reduce the burden on the majority of New Hampshire residents.
