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0000017a-15d9-d736-a57f-17ff8d310000Race: GovernorParty: RepublicanPolitical Experience: NonePersonal: Married; lives in AltonEducation: Bachelor’s, U.S. Naval Academy; Master’s, Naval Postgraduate SchoolCampaign WebsiteIssuesA former CEO for two large defense contractors, Havenstein has proposed a three-phase economic plan – called “8.15.17/25,000” – with the goal of creating 25,000 new jobs by August 15, 2017.Phase one would reduce the business profits tax from 8.5 percent to 7.4 percent and require a 2.5 percent “efficiency reduction” across the state government. It would also require a Jobs Impact Assessment (JIA) on any new regulation, tax proposal or other legislation that will impact businesses to include an estimate of jobs created or lost.Phase two would include a “dialogue” between businesses, colleges and local schools to better align education goals with workforce needs and a “systematic and comprehensive” review of all regulations.Phase three calls for reaching out to neighboring states to relocate to New Hampshire. “New Hampshire’s enhanced low tax reputation will allow us to compete and win, if we have a person in the Governor’s office who will champion New Hampshire as an economic destination, and who can make the case that it’s the best place to start and grow a business.”Havenstein says he’s opposed to the Affordable Care Act and Medicaid expansion, but now that both are law in New Hampshire, he says he’s focused on a “long-term solution.”“[T]he fact of the matter is we have a law, we have a law with regard to Medicaid expansion, and we have a law that would sunset in two and a half years, and that's problematic. And we need to face into that problem now, not wait two and half years and not do anything about it.We've had a lack of leadership into facing into problems like that. I'm going to face into it, work with the legislature that voted in and approved this current bill to find a solution, a long-term solution that we can afford.”Havenstein opposes the Northern Pass project as currently proposed, saying it does not address the “balanced approach” to New Hampshire’s energy needs that he favors.“I think the real question is, "what do we do to make Northern Pass or projects like Northern Pass work?" Cause clearly we have to bring lower cost energy, base electricity in this case, into our region, into the grid. That's good for New Hampshire, that's good for our citizens, anything that can reduce our rates, but do it in a balanced way and right now I don't think we have a balanced approach to that project, so I'm not in favor of it.”

Walt Havenstein Targets Business Profits Tax For Reductions

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Ryan Lessard
/
NHPR

Republican gubernatorial candidate Walt Havenstein says lowering the state’s business profits tax is part of his plan to create 25,000 new jobs by August 2017.

Walt Havenstein says under his plan, reducing the tax from 8.5% to 7.4% would take place over two budget cycles.

The former BAE CEO acknowledged it would cost the state $50 million in revenue in the first biennium, but says no spending cuts would be needed.

“Even at our meager, meager anemic growth rate, our growth rate will offset that particular reduction.”

Havenstein also pledged to make New Hampshire a right-to-work state.

His Republican opponent, Andrew Hemingway, wants to reform the entire state corporate tax code and create a 2% business flat tax.

New Hampshire Democrats called Havenstein’s  plan “disastrous.”

Havenstein and Hemingway face off in a primary on September 9th.

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