Tax Credits

Allegra Boverman for NHPR

Middle-class families would get a $1,000 tax credit under a bill being introduced by U.S. Sen. Maggie Hassan.

Hassan, a Democrat, says her Middle Class Tax Break Act would apply to families who have earned income up to $200,000. It would also provide a $500 tax credit for individuals with earned income up to $100,000.

Hassan says giving a tax cut to middle class families will help drive economic growth. She also has co-sponsored legislation to expand the earned income tax credit and child tax credit, and a measure to help people refinance student loan debt.

Flikr Creative Commons / evmaiden

Many proposals encouraging educational choice are pending in Concord this year. One with strong backing would use tax credits to encourage businesses to pay for school scholarships.

Critics say this would starve public schools of much needed funding, but supporters say this is a way to give students more options while avoiding constitutional concerns that have doomed past proposals for school vouchers.