Providence Journal: Hike Taxes to Invest in Rhode Island

The wealthiest Rhode Islanders have benefited enormously from recently enacted federal tax changes. The Institute on Taxation and Economic Policy reported this month that the wealthiest 5 percent of Rhode Island families would receive 45 percent of the total tax cuts in 2018. The Rhode Island tax code as currently structured is upside down — the wealthiest pay a smaller share of their income in state and local taxes than do the rest of Ocean State families. Most Rhode Islanders would agree with asking these families to pay higher taxes to support today’s needs and to make the investments needed to ensure our future prosperity. Read more