State Senator Toni Boucher (R-26) has voiced her objection to a proposed tax on investment services, HB 7313, which would increase costs for individuals trying to plan for their future.
“Democrats proposing this bill are calling it the hedge fund tax, portraying it as only impacting wealthy hedge fund managers,” Sen. Boucher said. “But if you read the bill, this is a tax on income derived from any investment management services. This would apply to the services used by anyone who is trying to save and invest even a little bit of money. If you are trying to save and plan for your future, your financial adviser is getting taxed and you are the one who is going to pay.”