Rhode Island’s Democratic General Assembly leaders want to exempt pensions and social security from state income taxes. RIPR political analyst Scott MacKay wonders if this makes sense in our cash-strapped state government.
House Speaker Nick Mattiello, D-Cranston and Senate President Teresa Paiva Weed, D-Newport, have both said that one of their top priorities when the Assembly convenes in January is legislation that would end income taxes on pensions and social security.
Nothing is certain in life except death and taxes. RIPR political analyst Scott MacKay says it may be time for Rhode Island to get out from under this cliché.
Once again, conservative groups and business leaders are lobbying for big changes to Rhode Island’s estate tax. Called the ``death tax’’ by opponents, this tax is levied upon Rhode Island estates of more than about $922,000.
The ancient cliché is that nothing in life is certain except death and taxes. RIPR political analyst Scott MacKay on why it’s time for Rhode Island lawmakers to make a serious study of our state’s tax structure.
With Rhode Island’s economic recovery still trailing our New England neighbors, there is no better time for the General Assembly to launch a measured study of the way we levy the taxes that pay for roads, schools and social services.