FOR IMMEDIATE RELEASE: May 13, 2013
Providence, RI — Hailed as the largest tax cut and economic stimulus plan the state of Rhode Island has ever considered, an expert panel has been assembled by the RI Center for Freedom & Prosperity to testify at Wednesday’s hearing of the “Sales Tax Repeal Act of 2013″ (H-5365) in front of the RI House Finance Committee on May 15, at 1:00 pm in Room 35 at the RI State House.
The panel is comprised of: ...
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Opinion
Local developer Arnold “Buff” Chace of Cornish Associates and a Massachusetts real estate investment fund, High Rock Development, recently released a “redevelopment plan” for the property at 111 Westminster Street in Providence’s Financial District popularly referred to as “The Superman Building.” As the Providence Journal reports, the plan requires state-taxpayer-funded public subsidies of $39 million, $21 million in federal-taxpayer-supported tax credits, and up to $15 million in city-taxpayer-supplanted tax forgiveness in order convert ...
Continue Reading...The RI Center for Freedom and Prosperity submitted the following pieces of testimony to the appropriate House and Senate committees regarding proposed 2013 pieces of legislation.
As an IRS approved, 501-C-3 nonprofit organization, the Center is not allowed to openly advocate ‘for’ or ‘against’ a specific bill, however we can provide testimony with regard to research and perspective relative to the underlying issue contained within the bill.
May 15 (H5365) – Stenhouse, Katz and expert panel present the entire case ...
Continue Reading...Posted by: Justin Katz
Rhode Island families are being torn apart. Parents, children, and siblings are being driven out of the state in search of good work and a more reasonable cost of living.Reducing the state sales tax from 7.0% to 0.0% will bring shoppers and retail and construction jobs back to our state and keep our families and businesses intact and at home here in the Ocean State.
Related Links: view the complete 2013 Zero.Zero brief as a PDF; see
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Related Links: 2012 Report Card
It isn’t surprising that a year of no bold legislative or executive action to free the Rhode Island economy or education system from its shackles, or to lighten the heavy hand of government, was a year of no significant improvement in the RI Center for Freedom & Prosperity’s annual Report Card on RI Competitiveness.
For perhaps the first time in recent memory, the Rhode Island General Assembly will consider legislation that could have a profound positive impact on the lives of virtually all residents and businesses in the state. Rhode Island families are being torn apart. Parents, children and siblings are being driven out of the state in search of good work or retirement at a more reasonable cost of living. Businesses struggle ...
Posted by: Mike Stenhouse
FOR IMMEDIATE RELEASE: February 25, 2013
2013 Zero.Zero Sales Tax Report
Center Calls on Politicians to Act on Promises: 25,000 Jobs at Stake
Providence, RI — On the heels of bi-partisan legislation to repeal the state’s sales and meals taxes, submitted recently in the Rhode Island General Assembly, the Rhode Center for Freedom and Prosperity released today an updated version of its landmark 2012 Zero.Zero report, which served as the original basis for the legislation.
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Families are being torn apart in the Ocean State, both geographically and financially.
With the worst jobs outlook in the entire nation, as one of the highest cost of living states, and suffering from a severe population and out-migration crisis, public policy in Rhode Island is driving away loved family members.
With our children having to flee the state to find a decent job; with our retired parents flocking to other states to begin ...
Continue Reading...The tax centerpiece of the governor’s new budget is to reduce the corporate tax rate to 7% from 9% over the next 3 years, with the hope of creating a stronger economy and putting more Rhode Islanders back to work.
Indeed lowering taxes in general will boost economic activity. And yes, this business tax reduction would give our state the lowest corporate tax rate in New England. All good.
But just how much of an impact will the governor’s proposed tax cut ...
Continue Reading...Posted by: RI Center for Freedom
Related Links: view complete Zero.Zero brief as a PDF; view economic and revenue projections here; view Zero.Zero Executive Summary here; view Zero.Zero media release here; go to Zero.Zero home page; Report Card on RI Competitiveness; ProJo Article (Jan ’13)
In January of 2013, Massachusett’s Governor, Deval Patrick, proposed cutting the Bay State sales tax from 6.5% to 4.5%. This could be a devastating blow to Rhode ...
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