Economic Progress Institute: Raising Revenue from High-Income Households in Rhode Island
ITEP Work in Action“Rhode Island residents and businesses make a collective investment in our state by contributing towards the cost of public services and amenities that help create jobs and enhance our quality of life. The state’s ability to protect our families and businesses, educate current and future workers, repair roads and keep buses running, and provide health care to families, seniors and people with disabilities depends on local, state, and federal revenue.
Over the past several years, our ability to raise the revenue necessary to fund public services was weakened due in part to tax cuts for high-income households. This year there are a number of legislative proposals that would raise the income tax rate paid by higher-income taxpayers and restore the revenue necessary to build a strong economy.”