Commentary: 2-out-of-3 Ain’t Good Enough

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By Mike Stenhouse, CEO

The 2015 state budget is now public. Corporate tax and estate tax cuts are in. Help for the middle class is out. In fact, the average worker is being asked to pay for reforms that benefit more well-off constituencies.  Why? It’s not just a matter of fairness; it’s a question of economic stability.

Rhode Island’s poor economic performance and dismal jobs outlook can largely be attributed to high levels of taxation and regulation across all points of Rhode ...

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STATEMENT on FY15 BUDGET: Middle Class to Pay for Corporate & Estate Tax Reforms

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June 6, 2013
Sales Tax Cut Would Have Larger & More Immediate Impact
Pointing to new broad-based taxes and fees that will especially harm the middle-class, that will also help pay for planned cuts for corporations and high-income individuals, the RI Center for Freedom and Prosperity sees little in the budget that cleared the House Finance Committee yesterday that will aid struggling families and small businesses, in a statement released today.
The Center further urges lawmakers to modify the budget so as to ...
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THEY KNEW! 2009 Brief Advised Against Healthcare Exchange for RI

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obamacare_chart

They Knew!

Ignoring the advice of her own specially convened study process, Lt. Gov. Elizabeth Roberts became one of the leading figures in promoting a complex, costly health insurance exchange for Rhode Island. Further,

HealthSourceRI officials and supporters continue to tout a cost containment goal that the process advised is not achievable according to a little known 2009 Issue Brief provide to Ms. Roberts and other state officials! Our Center’s analysis of this Brief can ...

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Center’s Testimony Shoots Down HealthSourceRI’s Major Claims to Justify Continued State Operations

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CEO Mike Stenhouse’s full written testimony can be viewed here.

 

 

Following a House Finance Committee hearing Wednesday on H7817 that would send the state’s health insurance exchange to the federal government, Mike Stenhouse, CEO for the RI Center for Freedom and Prosperity, commented that “virtually every major claim made by HealthSourceRI in defense of its own costly ...

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$38 million or Zero? Why RI should transfer its Exchange to the Feds

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$38 million or Zero? Why RI should transfer its Exchange to the Feds

TWO NEW REPORTS by the Center and a recent Forbes.com analysis re. why the Ocean State cannot support its costly health benefits exchange.

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Rhode Island Employment Snapshot, April 2014: Increasingly Hard to Believe

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Rhode Island’s unemployment rate took another large leap downward, to 8.3%.  The bad news is that the same is true across most of the country, so the Ocean State is still last.  The worse news is that there still doesn’t seem to be much by way of alternative evidence of this boom.

The first chart below illustrates why some healthy skepticism continues to be in order. After many years of general stagnation, February through April 2014 arrive as a ...

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OPINION. The RI “left” refuses to debate: What are they afraid of?

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Opinion by Mike Stenhouse as appeared in the Providence Journal (May 9, 2014)

Mike Stenhouse: Left won’t defend failed R.I. policies

‘The price of freedom is eternal vigilance,” is a sentiment many have shared. Engaging in a spirited public debate is one form of such vigilance — a debate such as the Rhode Island Center for Freedom and Prosperity conducted in late April. The core question was: Would we be better off with more government in our lives, or less?

Based ...

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Statement on 3% Sales Tax Hearings

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May 8, 2014 — OFFICIAL STATEMENT re. the May 7 House Finance Committee hearing on H8039 to lower the state sales tax to 3%. 

The Center’s testimony regarding a proposed sales tax cut to 3%, yesterday, appeared to generate interest from of a number of House Finance Committee members with the presentation of its “complete solution“, including a fiscal note about the anticipated dynamic revenue increases, which would lower the net impact on the state budget to as little ...

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Managing a Phase-In of Major Sales Tax Reform

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The state budget is like a talisman that government officials and special interests raise to ward off the evil spirits of tax reform.  Anything that promises not to raise taxes, or at least not to be “revenue neutral,” is said to be entirely unworkable — destined to eliminate every valued program of government.  And when they’re really stuck, budget protectionists will claim that even a reform that they ought to support for every economic and humanitarian reason is impossible because the ...

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“How Money Walks” out of the Ocean State

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Rhode Island needs a major economic boost through a tax cut like reducing the sales tax to 3%!

How Money Walks author, Travis Brown, interviews the Center’s CEO, Mike Stenhouse about how the Center’s sales tax plan might stop the destructive out-migration trend in RI:

According to IRS data compiled by HowMoneyWalks.com:

Between 1992 and 2011:

  • Rhode Island lost over $1.8 billion in ANNUAL adjusted gross income due to out-migration
  • Providence County alone lost over $1.9 billion in AGI
  • Kent ...
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