Mayor Polisena Testifies In Support of Tax Hike for the Rich
The mayor spoke in favor of a bill that would increase taxes on individuals making more than $250,000 per year.
A bill in the Rhode Island General Assembly that would increase the tax rate on people who make more than $250,000 per year by 2 percent has one local supporter: Mayor Joseph Polisena. "This legislation would help to give local property tax relief for all of the cities and towns," Polisena told the House Finance Committee yesterday. Tax equity advocates, including labor leaders, municipal leaders, wealthy Rhode Islanders, Providence public school students, small business owners, economists and others, testified today in support of bill H-5751, sponsored by Representative Maria Cimini, that will increase the income tax rate from 5.99% to 7.99% on individuals making over $250,000 per year, which would create a 2% income tax rate increase on …
