Wyatt’s Wall Streeters to RI: “Buy My Prison, PLEASE!”
Recent talk continues about the state buying a troubled asset, the Wyatt Detention Facility in Central Falls. The thinking is that the state could purchase the outlandishly overvalued prison, refinance it, and operate a modest profit margin while saving the bondholders on Wall Street. Naturally, such a deal would take decades, if ever, to pay [...]
“…but there’s no money” or other lies the business community and conservatives want …
Have you ever heard this one from people? “But there is just no money. How are we going to spend tax dollars on (insert name of needed program here) when there is just no money?” Now sadly I hear this from just as many Democrats as Republicans, but that is another story. Of course there [...]
Its a day that ends in Y. You know what that means…
That’s right! Its time for another “Flight of the Earls” story in the Rhode Island media! This time it is from Eddie Achorn Junior, AKA, Stephen Beale of GuLP (that’s GOLOCALPROV for those of you who don’t know. You really have to GuLP it down when you read something Beale writes). Anyway, EJ hits the Rhode [...]
And the consensus is…for H6095!
Today, the House Finance Committee heard testimony on H6095, the ’95/5′ tax that would solve our state’s budget deficit in a responsible way by asking those who can best afford it to join all the other Rhode Islanders who are “sharing the sacrifice.” And it was pretty clear which side Rhode Islanders came down on. [...]
95/5 Civic Responsibility!
Yesterday, Rep. Valencia held a press conference for his new income tax reform bill, H6095, which he’s calling the 95/5 Civic Responsibility bill. The 95/5 bill would raise an estimated $130 million in FY2012 and protect our state’s working families from even more painful and irresponsible service cuts. As the Projo reports: “It asks the [...]
Want to repeal the Bush tax cuts in RI and solve our fiscal crisis? We can.
With our $295 million deficit, cuts looming on the horizon, and the only other revenue-raising plan (a relatively regressive sales tax) now seeming to buckle under public outcry, Rhode Island is in desperate need of a real solution to our fiscal situation. Well, we have one! State Rep. Larry Valencia is currently drafting a piece [...]
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