Decision of the Century: General Assembly’s Budget Approach Will Set State’s Trajectory for Decades to Come

The problems we face did not come down from the heavens; they were government-made and they can be reversed. Lawmakers should not feel helpless, nor do we have to be reliant of the federal government. Many states are taking proactive steps to prepare their state economies for rapid recovery... and we must do the same. Lawmakers have to understand that they can no longer hide from the responsibilities and difficult decisions they were elected take on: the status quo budget approach - tax, spend, and borrow - can not work in response to this pandemic crisis.

With a one-billion dollar anticipated revenue shortfall, and with recent statements from leading Rhode Island lawmakers indicating a general feeling of helplessness, the RI Center for Freedom & Prosperity today published a report with proven budget strategies that can help put the state on a long-term positive trajectory.  Virtually all recent comments from public officials appear to place an undue reliance on federal bailout funds in the hope that status quo spending levels might be maintained. This is not a budget strategy.

Compiled after numerous discussions with colleagues in other states as well as with state budget experts with national organizations, the Center’s report, Decision of the Century, is premised on the understanding that the decisions that will soon be made by lawmakers in dealing with the pandemic-caused revenue losses, will set the near and long term trajectory for the Rhode Island economy.

Progressive lawmakers are once again seeking to hand out “free stuff”, this time to wealthy-out of staters, in a misguided attempt to bribe them to move to Rhode Island. The legislation, House bill H8018 is an extension of the state’s failed corporate welfare strategy.

Progressive Land of Make Believe Bad Bill of the Week: $10K Pays The Way (H8018)

Progressive lawmakers are once again seeking to hand out “free stuff”, this time to wealthy-out of staters, in a misguided attempt to bribe them to move to Rhode Island. The legislation, House bill H8018, has been named the “Progressive Land of Make Believe Bad Bill of the Week” by the RI Center for Freedom & […]

The Governor's budget for FY2019 stands in stark contrast to the successful path to prosperity blazed by the federal government via tax and regulatory reductions in the past year.

Center Critical of Governor’s “Wrong Direction” Budget

FOR IMMEDIATE RELEASE: January 18, 2018 “Keep Going” Strategy Headed in Wrong Direction Recent Federal Reforms Demonstrate the Path to Prosperity Providence, RI – The Governor’s proposed “Keep Going” FY2019 budget stands in stark contrast to the successful path to prosperity blazed by the federal government via tax and regulatory reductions in the past year. […]

The Raimondo administration is heaping additional burdens on employers by doling out tens of millions of their hard-earned tax dollars to Infosys.

Statement on Infosys Announcement: Small Businesses Should Be the Focus

Pro Small Business Measures Would Benefit Ocean State More than Infosys-Type Corporate Welfare Federal Tax Reforms Could Open Door for Real Economic Growth Providence, RI – Just days after touting “Small Business Saturday” the Raimondo administration has heaped additional tax burdens on employers and taxpayers in the Ocean State by doling out tens of millions […]

Rhode Islanders would be hit with a tidal wave of new costs to fund the most destructive progressive bills.

15 Progressive Bills would Cost Rhode Islanders over Six BILLION Dollars

PROGRESSIVE TIDAL WAVE of New Costs ? Opportunities for Rhode Island families to move up the income ladder and achieve a better quality of life would be threatened if the progressive-left’s agenda were to be fully implemented. Already drowning from a 45th rank in business climate and overall family prosperity, Ocean Staters would be asked […]