The End of the Beginning

Excerpt from The End of the Beginning, Rhode Island Monthly, August 2020 Issue by Ellen Liberman … As generous as the State’s corporations and individuals have been, their contributions cannot replace the deep erosion of gove­ment benefits to needy families and individuals. For example, the current unemployment insurance benefits system, designed in the wake of the Great Depression, does not …

Statement from EPI in solidarity with the Black Lives Matter Movement

The Economic Progress Institute mourns with and shares in the anger of the Black community following the murders of George Floyd, Breonna Taylor, Tony McDade, Ahmaud Arbery, and the many other victims of white supremist violence. Police brutality and other acts of violence are an integral part of a long and continuing legacy of American racism. As an organization committed …

Rhode Islanders Don’t Move Because of Tax Policy

In order to grow thriving families and communities and a prosperous economy, Rhode Island depends upon tax revenues to provide for critical public goods and services. Rhode Island’s personal income tax system is moderately progressive, meaning that individuals and families with the lowest incomes pay a lower percentage than those with higher incomes. Those with the highest incomes can afford …

A moral imperative: Race, poverty and coronavirus

Published By Representative Marcia Ranglin-Vassell “How does anyone in good conscience separate race from poverty? You can’t. It is intricately linked. There is a tendency to not connect the dots.“The coronavirus is ripping mercilessly throughout the world and causing death and destruction. In the United States over 500,000 people have been infected. Sadly, over 24,000 have died. New York City has …

COVID-19: Protecting Rhode Islanders and the State’s Economy

The COVID-19 pandemic is both a public health crisis and an economic crisis. When put together these become a moral crisis. Many people have been asked to make temporary economic sacrifices in order to protect public health and save lives. When we ask people to make such sacrifices, we, as a state, have a moral obligation to help them. And …

R.I. GOP, progressives criticize state’s approach

By Katherine GreggJournal Political Writer PROVIDENCE — Coming from opposite ends of the spectrum, a progressive advocacy group on Thursday renewed its call for a hike in the top income tax rate paid by Rhode Island’s top earners, while the chairwoman of the state GOP slammed legislative leaders for approving $300 million in borrowing to pay the state’s bills. The call for a hike in …

Are Economic Development Tax Incentives Reports Facilitating Transparency and Accountability?

Like most states, Rhode Island offers numerous tax incentives seeking to generate economic activity and create jobs. These Economic Development Incentives aim to leverage state revenues to encourage new business startups, facilitate the expansion of existing businesses, and attract new businesses to the state. The incentives take many forms, including those of tax credits, tax exemptions, tax deductions, and preferential …

Highlights of the Governor’s Proposed FY2021 Budget

The Governor’s proposed FY2021 budget (“the budget”) totals $10.2 billion, an increase of $224M over the enacted FY2020 budget. This includes $4.2 billion in general revenue ($170M more than 2020) and $3.3 billion in federal funds ($2.2M less than 2020), with the balance from restricted receipts ($349M, $38M more than 2020) and other sources such as lottery revenue ($2.3 billion, …