Rhode Island Budget Battle Moves to State Senate
While the House has approved an eight billion dollar
“Which is hopefully going to help
Others believe cutting the estate tax when people die, will also help our economy.
“Removing the estate tax is something that’s going to help middle class families stay in Rhode Island, rather than to elect to take residency out of state,” said State Sen. Dawson Hodgson, (R) East Greenwich-North Kingstown.
ABC6 Chief Political Reporter Mark Curtis said, “If the Senate approves the same budget bill as the House, one thing that will be going up in
Registration fees and gas tax would rise, too, and that’s where some draw the line.
“People in this state do not have the income, to pay an increase in fees,” said Senator Raptakis.
And certainly the biggest fight will be over repaying the “38 Studios” bond holders.
“I intend to vote against the and against the payment of the ‘38 Studios’ bond as a statement of my disapproval,” said Senator Hodgson.
“As I stand right now, no 12 point 1 million dollars payout for ‘38 studios’ until this issue is resolved,” said Senator Raptakis.
But right now, the Governor and most lawmakers favor repaying the ‘38 Studios’ debt, saying not doing so will hurt the state’s credit and investment ratings.