Taxation
My Patch column, this week, defines the target population of Rhode Island’s recent and proposed tax changes and offers a brief economics lesson to suggest that the apparent strategy is perhaps not the best: The consequence, overall, is that Rhode Islanders who’ve invested in property have seen local taxes climb inexorably. Last year, the real…
The ProJo reports that there is a bill in the RI House proposing an alternative to Governor Chafee’s 6%/1% “lower and broaden” tax policy. Let’s call it “promise to lower and broaden”: The bill, cosponsored by Representatives Brian Newberry, R-North Smithfield, Samuel Azzinaro, D-Westerly, Scott Slater, D-Providence, and Peter Palumbo, D-Cranston, would also add the…
Here’s an interesting tidbit from Ed Achorn: I asked Governor Chafee last week whether he, or anyone in his administration, had done an analysis of the number of jobs that his tax hikes would cost the state, since many financially stressed Rhode Islanders would respond by traveling the short distance to neighboring states for goods…
With difficulty, I’m going to disregard the spectacle of the governor attempting to sell his proposed $176 million sales tax hike as a remake of Rhode Island into a “tax haven” and just focus on one critical data point. Governor Chafee has balanced his proposed budget with, on the one hand, suggested “cuts” that seem…
Monique and Matt talked taxes and sacrifice on last night’s Matt Allen Show. Stream by clicking here, or download it.
I’ve admitted before that I’m more or less ambivalent about the legality of marijuana, but as usual, Rhode Island’s method of operations layers in an unseemly and suspicious twist to the process: All told, that’s $3.5 million in new tax revenue over two years. The Health Department is expected to announce on Tuesday the names…
Perusing the list of items that Governor Chafee wishes to move from tax-exempt to taxable, I came across this peculiar item, sure to help grow the economy: Employment agency services Sure, employment agencies are arguably unnecessary middlemen in employment chain, but they’re a halfway step for businesses looking to ease into hiring. And they’re now…
Here’s a point worth restating throughout the current session of the General Assembly (emphasis added): By broadening the general sales tax and levying a new 1 percent tax, Chafee’s budget would raise about $165 million in new tax revenue — even after taking into account the drop in the general sales tax rate. That would…
Ted Nesi has put up a list of newly-taxed items being proposed by Governor Chafee. I’ve copied it after the jump. As a commenter to Ted noted: …the fact Rhode Island has so many sales tax exemptions is interesting in and of itself. The state has a total of 82 exemptions, 20 of which have…
Rhode Island Governor Lincoln Chafee has proposed “combined reporting” in his FY2012 budget proposal as a means of raising revenue for Rhode Island. Given this is the most technical of the Governor’s major proposed “revenue enhancers”, the floor is open for any insights into the details of how and why “combined reporting” is supposed to…