Taxation
Justin correctly questions the actual effectiveness of the hoop-jumping job creation incentives recently laid out by the Governor. (As commenter Roland writes under Justin’s post, apparently it is a way to use stimulus money for short term gain). This morning, I heard Helen Glover reading from this American Thinker piece about the problem with this…
Does anybody believe this will work? The deal would give employers a $2,000 tax credit for each new full-time worker hired between July 1, 2010, and Dec. 31, 2011. The tax credit would apply for the year the hiring takes place. … There are controls on the tax credit. The newly hired workers must have…
UPDATE: Reuters has pulled the original story that this post was based on. MMM…..egg. Alan Viard of the American Enterprise Institute explains.
The applause had barely ended on the President’s State of the Union Address before the Senate had put the kibosh on one of the initiatives therein. From the AP yesterday: Just days after President Barack Obama endorsed a partial freeze on domestic spending, his Democratic allies in the Senate have rejected a plan attempting to…
Marc already offered the only commentary necessary on the idea of taxing workers during a recession to pay the unemployed, but there’s a tangential point to be teased from this: Under one scenario, the maximum amount of the new tax on a worker could be about $58 a year. Doesn’t look like much, does it?…
Really, guys? A state advisory board is considering a new tax on workers to help bail out the beleaguered state trust fund that pays benefits to the unemployed….[It] could take the form of an addition to the tax that employees already pay into the state’s Temporary Disability Insurance (TDI) program. Revenue so raised would be…
For those disinclined to understand, here’s a video parable about a goose that lays golden eggs (via TaxProf): As we’re learning, in Rhode Island, the video doesn’t tell the whole story. The same mentality that plagues the fictional farm affects not only the golden-egg-laying geese, but also the industrious animals that find ways to produce…
My post concerning the Warwick Beacon’s look into Warwick firefighter pay/contracts has generated some commentary regarding the RIPEC report (mentioned in Russell Moore’s story) that found: On average, [a RIPEC] report showed that Rhode Islanders spend about $6.24 on fire services for every $1,000 of personal income, or just under double the national average of…
Here’s the ruse (emphasis added): President Obama expressed confidence Saturday that lawmakers would approve his proposed tax on banks to recover bailout money, despite opposition from Republicans and the financial industry. And here’s the reality (emphasis added): The proposed 0.15 percent tax would last at least 10 years and generate about $90 billion over the…
What could possibly say Saturday in Rhode Island more than a blog post written in a form of an homage to a Bill Reynolds “For What It’s Worth” column… There’s no truth to the rumor that independent RI Gubernatorial Candidate Lincoln Chafee will be combining his revenue raising ideas with the the recently proposed Democratic…