of Income Tax in RI
October 28, 2008
The following is from the Providence Journal (Providence, RI) off their www.projo.com website.
Carcieri supports eliminating R.I. income tax
Associated Press - Providence Journal - Maria Armental (11:58 AM Tue, Oct 28, 2008)
PROVIDENCE -- Governor Carcieri said today he supports abolishing the state income tax, which could drastically reduce tax revenue just as Rhode Island's state government faces large budget deficits.
Carcieri said this morning during an appearance on WPRO-AM that he would "love" to find a way to eliminate Rhode Island's income tax, which provides about a third of state revenue. He said the state should tax people on what they spend, not on what they earn.
The Republican governor did not say whether he would attempt to overturn the income tax when the Democratic-dominated General Assembly reconvenes in January. His spokeswoman did not return a call seeking comment.
Rhode Island began the year with a deficit. Tax revenues have since plunged as the economy worsened.
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