VIDEO: Three Perspectives on Income Tax Equity Bill

At a hearing last night, many spoke in favor of Rep. Maria Cimini’s legislation that would raise income taxes on Rhode Island’s richest residents as a way to raise revenue and encourage job creators to lower the state’s unemployment rate, and I chose three to feature because they represent a wide variety of reasons why it makes sense for Rhode Island to take proactive steps to better fund government.

The bill would raise the income tax on those who earn more than $250,000 from 5.99 to 9.99 and that rate would decrease by one percentage point for each percentage point that the state’s unemployment rate drops. It would raise some $132 million in additional revenue.