CONCORD – Today, the Senate voted along party lines to terminate SB 208, legislation to establish a working families tax credit. Senator Feltes, prime sponsor of the legislation, offered the following comments after the vote:
“It is stunning my Republican friends voted against a property tax credit for hardworking Granite State families and voted in favor of even more tax breaks for corporations and the wealthiest among us,” said Senator Feltes, prime sponsor of SB 208. “The votes we have taken today on taxes, minimum wage, access to food assistance, and school vouchers have shown that my friends have misplaced priorities and don’t understand what everyday Granite Staters are going through. Republicans are out of touch with the realities of working people, and this legislation is no different.”
“The two greatest expenses for working families are childcare and housing. If we can find it in our finances to offer credits to the special interest elite, surely we can join the 21 other states who have embraced a working families tax credit to keep people in their homes when they are caring for children and other dependents.”
The cost of center-based infant care represents more than 40% of the total income of the average single mother in New Hampshire. Child care for a New Hampshire family with an infant and a toddler averages more than $21,000 a year. Today, in New Hampshire, 69% of children under the age of 6 have all available parents in the labor force. The bill also provides a property tax credit for workers with dependent care costs, like caring for a child with disabilities or a sick spouse.