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, …

Senate leadership scales back proposal to raise R.I. minimum wage

By Katherine Gregg Journal Political Writer PROVIDENCE — Despite the push in some quarters to match Massachusetts by putting Rhode Island on a path to a $15-an-hour minimum wage, the Senate Labor Committee was unwilling to go that far, approving instead an election-year bill to raise the $10.50 minimum by $1 on Oct. 1. The committee approved the scaled-back bill on a …

Coalition Wants To Raise Cash Benefit For Poor Rhode Islanders

by Ian Donnis A coalition launched a campaign Wednesday to increase the benefit paid to poor Rhode Island families through the RI Works program. According to the Raising Rhode Island Coalition, the benefit has not been raised since 1991 — the longest such increase in New England. “This has put the purchasing power of families significantly below what it needs to be …