Friday, October 23, 2009.

Tax changes may be on R.I. horizon

From today’s Providence Journal: Governor Carcieri’s administration director, Gary Sasse, gave a roomful of state senators a list of “two to three things” to do over the next few months as the state tries to climb out of its financial abyss. The first was: “pray.

The next was: “Need positive attitude. No naysayers,” according to the notes kept by one of the senators at the meeting last week.

The third was a variation on a key piece of an ambitious proposal to solve deficit-racked California’s budget crisis: lower the tax burden on the wealthy, repeal sales taxes and replace the corporate profits tax with a new levy pegged to business revenues.

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