Senate Finance Committee to Meet Virtually to Hear Budget Articles on Marijuana, Insurance 

 

STATE HOUSE — The Senate Finance Committee is scheduled to meet virtually Wednesday to hear testimony on budget articles relating to adult use of marijuana and insurance. The committee will also hear two bills related to taxation. The committee is scheduled to meet Wednesday, Nov. 18, at 5 p.m.  

The committee will hear testimony on the proposed state budget, particularly Article 13 relating to state-controlled adult use marijuana, a new article relating to accident and sickness insurance policies, and a new article relating to Medicare supplement insurance policies.

The committee will also hear two bills related to taxation. The first (2020-S 2494), introduced by Sen. Ryan W. Pearson (D-Dist. 19, Cumberland, Lincoln), would create a new income tax bracket of 6.99% on taxable income over $500,000. Any tax collected on this income would be deposited into a restricted receipt account and spent on education for grades kindergarten through 12. The second bill (2020-S 2801), introduced by Finance Committee Chairman William J. Conley Jr. (D-Dist. 18, East Providence, Pawtucket), would add a new income tax bracket for purposes of state income taxation.

The Senate Finance Committee is chaired by Sen. William J. Conley Jr. (D-Dist. 18, East Providence, Pawtucket).

The State House remains closed to the public as a result of the COVID-19 pandemic. The meeting will be streamed live online Via Capitol TV at
http://www.rilegislature.gov/CapTV/Pages/default.aspx.   

Thousands of National Guard troops will be staying in Washington, DC for awhile. Politico reports that as many as five-thousand soldiers could remain stationed in the nation's capital through mid-March to deal with possible demonstrations around the Senate's impeachment trial of former President Trump. The trial is scheduled to start February 8th. The House impeached Trump on one article of inciting an insurrection after his supporters stormed the U.S. Capitol to interrupt the certification of Joe Biden's election win.        Mexico's President says he's tested positive for the coronavirus. Andres Manuel Lopez Obrador says his symptoms are mild and he's getting medical treatment. He says he plans to keep working as he battles the virus.       President Biden could repeal another of former President Trump's policies as early as Monday. Multiple sources say Biden plans to end Trump's ban on transgender people enlisting in the military.        Two prison inmates are on the loose in Arizona. Inmates John Charpiot and David Harmon escaped from the Arizona State Prison Complex about 60 miles outside Phoenix on Saturday. Harmon is serving a 100-year sentence for kidnapping and second-degree burglary meanwhile Charpiot is serving 35 years for child molestation and sexual abuse. Governor Doug Ducey and the U.S. Marshals are offering a 35-thousand dollar reward for information leading to their capture.       Tampa Bay Buccaneers quarterback Tom Brady is heading back to the Super Bowl for the 10th time. Brady and the Bucs beat the Packers 31-26 in Sunday's NFC Championship Game at Lambeau Field to punch their ticket. Brady will be seeking his seventh Super Bowl ring after winning six during his historic run with the New England Patriots.