2015 Legislative Outcomes

 July 07, 2015 This year the Institute informed and influenced the debate on a host of policy issues related to tax policy, child care, and health care. Here is a summary of several policy changes that will have an impact on the fiscal health of Rhode Island and its residents.  Click here to download the document. Earned Income Tax Credit …

Highlights from Governor Raimondo’s FY16 Budget

Governor Raimondo released her first budget last week. We have highlighted five areas that are important to the fiscal health of the state and its residents. Making work pay The Governor proposes to expand the state’s Earned Income Tax Credit which would allow working families to keep more of their paycheck. And while not a budget item, the Governor supports …

Policy Outcomes 2014

The Institute informed and influenced the debate on a host of policy issues related to affordable child care, workforce development, and tax policy. This brief summary highlights several policy changes that will have an impact on the fiscal health of Rhode Island and its residents. Child care expansions extended Two important expansions made to the Child Care Assistance Program last …

Few Winners and Many Losers in RI Tax Reform

The budget passed by the House Finance committee made three significant tax policy changes that will impact the income of tens of thousands of Rhode Islanders. The estate tax, earned income tax credit, and property tax relief program were all dramatically altered in the budget. Read the Institute’s full analysis and June 6th and June 16th press releases. The clear winners are …

Corporate Tax Cuts Are Risky Business

Everyone in Rhode Island wants the same thing: a stronger economy with good jobs that help families to build a future. But tax cuts that some propose won’t create this path to prosperity. Tax cuts have but a negligible effect on creating jobs and generating economic activity.  What really works is investing in schools, transportation, and safe communities; helping entrepreneurs …

Improve Rhode Island’s Earned Income Tax Credit to Help Hard-working Rhode Islanders

March 31, 2014 The Earned Income Tax Credit (EITC) is widely recognized as one of the most effective policies at keeping low-income working families out of poverty by supplementing wages and encouraging work. It is estimated that the federal EITC kept 6.5 million working Americans out of poverty in 2012. Rhode Island is among 25 states and the District of …

Statement regarding proposals to repeal or reduce Rhode Island’s sales tax

 Kate Brewster, Executive Director       I am honored to have participated on the Commission.  I appreciate that all of the members are deeply concerned about the state’s economy and eager to enact policies that will help grow jobs in our state. Costly, broad-based tax cuts of any form, however, are not the solution to building Rhode Island’s economy. Given all …

It is time to turn up volume on silent spending

To ensure Rhode Island uses its available resources in the most effective way possible, it’s time to subject tax breaks, that cost the State over $1.7 billion a year, to the same scrutiny given to money spent through the state budget. Like other states, Rhode Island increasingly writes into law provisions that allow people or businesses to reduce their taxes …

Enhancing the Economic Security of Low-Income Working Rhode Islanders by Increasing the State’s Earned Income Tax Credit Refund

The Earned Income Tax Credits (EITC) is widely recognized as an effective, short-term tool for lifting low-income working families out of poverty by encouraging work and supplementing low wages.  Rhode Island should enhance the effectiveness of its state EITC by increasing the refund available to low-wage workers.  This would put money in the pockets of low-income working households that could …

Corporate tax cuts should be offset with cuts in corporate tax expenditures

Everyone wants to get the Ocean State’s struggling economy back on track, and there is a wide range of ideas and significant debate about how best to make progress. The Governor has proposed cutting the state’s corporate income tax as a way to move the economy forward. With a price tag of almost $90 million over five years, the proposed …