“How Money Walks” out of the Ocean State

Rhode Island needs a major economic boost through a tax cut like reducing the sales tax to 3%!

How Money Walks author, Travis Brown, interviews the Center’s CEO, Mike Stenhouse about how the Center’s sales tax plan might stop the destructive out-migration trend in RI:

According to IRS data compiled by HowMoneyWalks.com:

Between 1992 and 2011:

• Rhode Island lost over $1.8 billion in ANNUAL adjusted gross income due to out-migration
• Providence County alone lost over $1.9 billion in AGI
• Kent and Bristol counties were a minor losers, while Washington and Newport Counties saw gains

Between 1985 and 2011

• the State lost over 43,314 from state-state out-migration