The Pledge (New Hampshire)

For other uses, see Pledge.

The Pledge is a term used in the U.S. state of New Hampshire for a promise by politicians not to support income taxes or sales taxes or other forms of what are known as "broad-based taxes."

Advocates describe it as an important tool in New Hampshire's budgetary process, an embodiment of the state's tradition of frugality and local control. Opponents say it creates a lop-sided and unfair tax structure, overly dependent on property taxes on individuals.

This article is issued from Wikipedia - version of the 6/22/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.