State of Rhode Island secondary Archives: on Budget & Economy

Mark Zaccaria: Senate bank regulators are too cozy with regulated banks

Zaccaria accused Reed, who is a member of the Senate Banking, Housing and Urban Affairs Committee, of being too cozy with the banking industry: "The people that he regulates have been very generous to him."

During his campaign, Zaccaria said, he will also lay out Reed's "anti-economy and anti-business stands," and how much his support for the Affordable Care Act--known as ObamaCare--threaten to "cost the average Rhode Islander."

Source: Providence Journal on 2014 Rhode Island Senate race Jun 24, 2014

Jack Reed: Postpone sequestration; then balanced taxes & cuts

Q: Are across-the-board cuts going into effect due to sequestration?

REED: These are serious challenges to the military. I don't think it has to happen; [there is] proposed legislation that would defer the sequestration to next year. It would be paid for in a balanced way by additional revenue as well as additional reduction in spending.

Q: Tax hikes?

REED: Indeed. And that, I think, is the way to proceed, avoiding the blunt across-the-board cuts and also giving us chance to get back into regular order, proposing a budget, doing an appropriations bill. The sequestration will preempt us from getting a budget done.

Q: It's always that you guys need more time and that--can we put it off until next year. Answer me this: if these cuts not just go into effect but are allowed to stay in effect, will the U.S. be less safe as a result of these across-the-board cuts?

REED: Even if you give flexibility, you still have significant reduction. It's not just defense. It's education, it's border security.

Source: CNN SOTU 2013 interview on 2014 Rhode Island Senate race Feb 17, 2013

Donald Carcieri: We cannot sustain the present level of spending

A week from today, I will submit my budget for fiscal year 2011. It will be balanced--without raising taxes! But it will require significant changes at both the state and local level. Make no mistake about it; we are going to have to find more structural ways to reduce spending at the municipal level! We cannot sustain the present level of spending; we simply do not have the revenues.
Source: Rhode Island 2010 State of the State Address Jan 26, 2010

Lincoln Almond: $325M tax cuts & business incentives to attract investment

We’ve strengthened our economy. That’s enabled us to cut the income tax for the fourth year in a row and we’ll do it again this year. All told, we’ll ease the tax burden on families by $204 million dollars. And when you tally up all of the incentives we’ve put in place for business, it’s over $121 million. That’s encouraging existing companies to expand, and it’s attracting new investment to our state.
Source: 2001 State of the State Address to Rhode Island Legislature Feb 7, 2001

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