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STATE HOUSE â Rep. Larry Valencia says his legislation (2014-H 7552) reversing Bush-era tax cuts at the state level for Rhode Islandâs highest earners is not only a matter of equity, but also an idea that would potentially boost the quality of the stateâs workforce and the success of its businesses.
âThe notion that prosperity trickles down has not been effective in improving Rhode Islandâs economy. Instead of expecting prosperity to fall through the cracks toward the middle class and lower-earners, we should make the burden more equitable so those who most need to invest their limited resources on the things that enable them to get a good job, like higher education, child care and transportation, will be able to do so,â said Rep. Valencia (D-Dist. 39, Richmond, Hopkinton, Exeter). âMore money in the pockets of middle and lower income Rhode Islanders means more money being spent at our local businesses. This legislation would be a very positive development for business.â
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