Taxation
The Providence Phoenix’s Brian C. Jones puts the idea that high taxes are driving people away from Rhode Island into the category of just-a-theory… There has been a growing conviction that high taxes drive people away from Rhode Island and deplete the lifeblood of the private economy. Whether the world really works that way is…
Warwick Sen. Michael McCaffrey has introduced (S 0159) legislation to lower the state sales tax from 7% to 6%. As McCaffrey points out, the 7% rate was originally put into place to help the state bailout from the credit union crisis in the 1990’s. Now that it has served its purpose–all of the money has…
To no one’s surprise, the various “advocates” who have taken up permanent residence at the State House pleaded with lawmakers to accept their solution to the budget shortfall: either raise taxes or stop any scheduled tax cuts: Freeze the so-called “tax-cut-for-the- rich” in its tracks before state government loses tens of millions of dollars. Halt…
Look, we all have bad days as bloggers. Some are worse than others. Matt Jerzyk of RI Future clearly steps over the line today…Today at 500pm there will be a big union rally sponsored by Council 94 AFSCME at Central Falls High School to oppose the privatization of school bus drivers expected to take place…
Every once in a while–usually somewhere within a long screed extolling the virtues of a more socialistic America–the rhetorical point has been brought up that politically Democratic states pay more taxes than politically Republican states (who, by extension, benefit by getting more tax dallars). Well, the Tax Foundation has done some deep digging and has…
Mona Charen was the first of several speakers over the course of the NRI Summit to offer up this important point: The United States is now at the point where about 50% of the population pays no income tax. Therefore, tax-cuts can no longer be the centerpiece of an effective national Republican platform, because half…
WASHINGTON D.C — I am attending the National Review Institute’s Conservative Summit this weekend, and will post some of the interesting views I am hearing at the beginning of next week. However, I want to mention one item right away. In between panel sessions, I ran into Time Magazine columnist Joe Klein and had the…
In a blog-post mostly about health care reform that includes some brief commentary on what President Bush will propose during tonight’s State of the Union address, Time magazine columnist Joe Klein drops this major bomb…[President Bush’s] plan opens the door for a real negotiation on changing the current tax code in a more progressive way,…
“Rhode Island has the worst unemployment tax system, the worst property tax system, and the third worst individual income tax system.” So says the Tax Foundation’s latest “State Business Tax Climate Index” report (full report -> PDF). Also, Rhode Island ranks 48th in the Foundation’s Individual Income Tax Index and 35th in both the Corporate…
With a vote of 36-0, the State Senate passed a bill that would slow down and then limit the amount that a community could raise property taxes in any given year. The bill would lower the maximum annual increase to a community’s tax levy from the current 5.5 percent to 4 percent gradually, starting in…
