Rhode Island legislators aim to improve state's economy
January 14, 2013
By: George Sousouris
PROVIDENCE, Rhode Island: With a 10.4% rate of joblessness and a corporate tax rate of 9%, legislators like Senate President M. Teresa Paiva-Weed (D), Rep. Helio Melo (D), and House Minority Leader Brian Newberry (R) have all listed economic recovery as the top legislative priority.[1][2]
Rhode Island was one of only two states in the U.S. to lose population between July 2011 and July 2012, according to federal government statistics. On the issue of the corporate tax rate, Republican Sen. David Bates said, "One of the problems we've had is that we have a perception problem in Rhode Island as far as business is concerned. And the little things like the minimum corporate tax are one those things that give us a bad perception."[3]
Rep. Newberry said that the state should eliminate its 7% sales tax to attract new business.[3]
See also
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Footnotes
- ↑ Providence Journal, "Rhode Island unemployment rate static at 10.4 percent," accessed January 14, 2013
- ↑ Turnto10.com, "Lawmakers propose ways to make RI more business-friendly," accessed January 14, 2013
- ↑ 3.0 3.1 The Boston Globe, "Economy, gay marriage top RI legislative agenda," accessed January 14, 2013
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