Taxation
Surprise! Kay Brewster, executive director of the Rhode Island Poverty Institute, calls for higher taxes in today’s Projo…State revenues — taxes, fees and other income — are the collective investments we make to create a quality of life in Rhode Island that we all enjoy and expect. These investments are essential to keeping our shorelines…
Dan Yorke has called attention to this piece of legislation–Brought to you by Reps. Slater, Naughton, Diaz, Almeida, and Lima–which amends the current RI Sales tax code to read: A tax is imposed upon sales at retail in this state including charges for rentals of living quarters in hotels, rooming houses, tourist camps, all services…
At last night’s East Providence GOP event, I had the opportunity to talk with State Representative and House Finance Committee member Jack Savage (R-East Providence) and turn Anchor Rising’s attempt to read the tea leaves with regards to the state budget deficit into a few concrete questions… Anchor Rising: Some recent comments made by public…
Republican Senator Mitch McConnell writes: While most of the media were busy covering the latest developments on the Iraq funding bill or the bipartisan immigration proposal, congressional Democrats on Thursday quietly passed a budget creating the framework for the largest tax increases in American history… Everyone takes a hit. Forty-five million working families with two…
This letter to the Projo, which links to righttax.org, makes a point worth hearing: In Rhode Island public schools are funded by a combination of state-supplied money and funding generated by cities and towns via property taxes. Unfortunately, in Rhode Island we rely too heavily on the property tax to fund our schools. The second…
Kudos to State Rep’s Carol Mumford (R, Scituate/Cranston) and Peter Kilmartin (D, Pawtucket) for today’s op-ed in the ProJo in which they propose raising the Rhode Island inheritance tax threshold from $675,000 to $1 million. Protection of assets acquired over a lifetime, coupled with a desire to leave the next generation a small inheritance, now…
The Heritage Foundation has done an analysis of the new House Budget crafted by the Democratic majority in Washington and concluded that it means higher taxes across the board. Their reasoning: The House leadership has proposed to increase spending over the next five years. Given the leadership’s avowed commitment to paying for spending increases, tax…
For those who missed Providence Mayor David Cicilline’s annual budget address last night, here’s the abbreviated version: We need to raise taxes on the rest of Rhode Island to provide more money for Providence. The Mayor essentially touted a plan to reduce property taxes while raising income taxes that has long been popular in progressive…
It’s worth noting, as an addendum to Andrew’s post, that the two metrics aren’t merely correlative. A substantial portion of the tax revenue goes toward those sorts of programs that attract poor people to the state (see, e.g., here, here, and here). In other words, the option is more likely to be “all of the…
