Live from the DRA- “I’m going to go after everybody”
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Former State Senator Bob Clegg argues that the DRA isn’t in any position to define the legislative intent behind the LLC tax, since there was no public hearings to make that intent clear. He says while the DRA has been talking to accountants and tax attorneys on how to implement the tax, but says those are the people who will be paying the tax. Clegg says rather than rush to close a “loophole”, the DRA should have asked how taking $30 million from LLC’s will hurt those businesses.
Clegg is worried that the new tax is targeting those businesses that can’t afford attorneys and accountants to defend themselves from the DRA. He says if the DRA wants to collect more revenue, it should “leave the little guy alone”. Clougherty says as Commissioner, “I’m going to be fair and I’m going to go after everybody.”
Check for updates at the New Hampshire Watchdog blog page.
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Tags: Bob Clegg, Kevin Clougherty, Live from the DRA, LLC
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