Publications Fair and Adequate Taxes 1 of 2

Fair and Adequate Taxes

Improving a Common Sense Tax Credit for Working Rhode Islanders: Increase the Rhode Island Earned Income Tax Credit
February 03, 2016Rhode Islanders who work full-time should be able to support their
families. Yet, far too many are struggling to pay for housing, heat,
food, and health care. This issue brief highlights reasons why Rhode Island’s refundable Earned
Income Tax Credit should be increased.
Response to the State’s 2015 Tax Credit and Incentive Report
August 16, 2015 – Annual report shows that Rhode Island gave up close to $30M in revenue to five economic development tax credits last year.  Recently enacted law to evaluate tax incentives has not been implemented.
2015 Legislative Outcomes
July 07, 2015This 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.
Testimony regarding Article 29 Tax Incentives
April 15, 2015 – Comments regarding the economic development tax incentives included in Article 29 of Governor Gina Raimondo’s budget and the continued need for Rhode Island to make sure incentives are transparent and cost effective.
Highlights from Governor Raimondo’s FY16 Budget
March 24, 2015Five highlights from Governor Raimondo’s Fiscal Year 16 budget.
Testimony regarding the state’s minimum corporate tax
March 07, 2015 – The Economic Progress Institute has concerns about these
bills, all of which would reduce corporate income tax collections in
some way, and each of which would impair the adequacy and equity of our
tax structure.
Policy Outcomes 2014
July 16, 2014This brief summary highlights several policy changes made in 2014 that will have an impact on the fiscal health of Rhode Island and its residents.
Few Winners and Many Losers in RI Tax Reform
June 09, 2014 – Read about the winners and losers in proposed changes to Rhode Island’s estate tax, earned income tax credit, and property tax relief circuit breaker program.
Corporate Tax Cuts Are Risky Business
May 07, 2014 – Read our issue brief that explains why tax cuts have but a negligible effect on creating jobs and generating economic activity and why RI lawmakers should adopt combined reporting if they reduce the state’s corporate income tax.
Improve Rhode Island’s Earned Income Tax Credit to Help Hard-working Rhode Islanders
March 31, 2014 – Rhode Island should make the state EITC fully refundable to enhance the credit’s effectiveness. This would help families offset the impact of regressive state and local taxes, help pay for one-time expenses such as car repairs and security deposits, and help families meet basic living expenses.
Statement regarding proposals to repeal or reduce Rhode Island’s sales tax
January 23, 2014 Read comments from Executive Director, Kate Brewster, on proposals evaluated during her time on Rhode Island’s Special Joint Legislative Commission to Study the Sales Tax Repeal Act of 2013.
It is time to turn up volume on silent spending
April 23, 2013To 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.
Enhancing the Economic Security of Low-Income Working Rhode Islanders by Increasing the State’s Earned Income Tax Credit Refund
April 11, 2013Rhode 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 help provide for basic needs, pay for extra expenses such as a security deposit or car repair, and build assets for the future.
Testimony in support of eliminating the federal “domestic production deduccton”
April 05, 2013 – The Institute supports a bill that would
disallow the federal domestic production deduction which is a costly tax
giveaway that was never voted on by lawmakers in our state but rather
carried down through the federal tax code.
Testimony supporting legislation to improve tax expenditure accountability
April 02, 2013 – The two bills  would go a long way towards ensuring that tax breaks are receiving an appropriate and adequate level of scrutiny similar to that applied to direct spending.
Corporate tax cuts should be offset with cuts in corporate tax expenditures
March 05, 2013A look at the Governor’s proposal to cut the state’s corporate tax rate.  The Institute suggests that the current proposal is too costly and needs to be made revenue neutral by reforming or eliminating tax expenditures.
Testimony regarding the historic tax credit
February 08, 2013 – The Institute provided testimony about the state’s historic tax credit program, highlighting several issues related to transparency and accountability.
Testimony opposing special capital gains tax breaks for certain investors
January 30, 2013 – The Institute opposes a bill to allow special tax breaks on capital gains for certain investors.
Response to Governor Chafee’s Proposed Budget for Fiscal Year 2014
January 26, 2013Learn what is and is not included in the Governor’s proposed budget for Fiscal Year 2014 with respect to workforce development, tax policy, health care, and programs for low and modest-income Rhode Islanders.
Rhode Island’s “47%”
October 17, 2012 – Check out our infographic that describes who doesn’t pay federal income tax in Rhode Island.