Statements about Taxes
"We see a quarter-billion dollars in a pension fund that needs to be funded at $1.2 billion."
The General Assembly "has no explicit constitutional authority to impose income, sales, estate and the myriad of other taxes upon us."
"You don’t see Norway losing population, and its taxes are astronomical."
"Only 25 percent of what people buy is subject to Rhode Island’s sales tax."
Rhode Island's unemployment insurance system "is the most expensive such system in the country."
"The Congressional Budget Office, a nonpartisan office, did an analysis and said that passing comprehensive immigration reform will reduce the federal deficit by $200 billion over the next decade."
Economic Development Commission Executive Director Keith Stokes "sent me a letter and he said the taxpayers will never be on the hook for these bonds" for 38 Studios.
"We have one of the most expensive General Assemblies, per capita, in the entire country."
Rhode Island "didn't ratify the 13th Amendment to the Constitution to pay federal income taxes. So Rhode Island doesn't even have to pay federal income taxes."
Historically, the Social Security tax has been assessed on about 90% of U.S. income. Now it captures 83% because there's been such a growth of income among the highest earners.
Of six Rhode Island tax-credit programs worth about $35 million, "three companies got 90 percent of that -- CVS and two companies not even located in the state of Rhode Island."
"If the House of Representatives fails to extend the middle-class tax cuts, 400,000 middle-class Rhode Island families will see their federal income taxes increase."
Sheldon Whitehouse voted for a "$525-billion tax increase on the middle class."
Providence has "amongst the highest tax rate(s) in the entire country."
"For Social Security, which is projected to remain solvent through 2033, Whitehouse has cosponsored [a bill that] . . . would extend the life of the program by an additional 75 years."
The Congressional Budget Office "has already doubled its estimate for the cost (of Obamacare) so far from roughly $800 billion to $1.7 trillion."
President Obama’s health care law says "when you sell your house now you have to pay a 3.8 percent tax."
"People who wash cars at home will use approximately 80 percent more water than they do in a car wash."
President Obama’s health-care law will "add trillions of dollars in debt."
The "Buffett rule" "raises virtually no money, maybe a day and a half of our borrowing per year."
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