Woonsocket Radio News Room

Rep. Alzate and Sen. Murray statement on ‘millionaires tax’ collections in Massachusetts

 

            STATE HOUSE – Rep. Karen Alzate (D-Dist. 60, Pawtucket, Central Falls) and Sen. Melissa A. Murray (D-Dist. 24, Woonsocket, North Smithfield) are issuing the following statement concerning recently announced “millionaires tax” collections for the fiscal year in Massachusetts.

            Representative Alzate and Senator Murray have introduced legislation (2024-H 7338, 2024-S 2355) which would create an additional Rhode Island personal income surtax of 3% on taxable income over $1 million, with the existing three-bracket personal income tax structure remaining in place.

            “As we now see in Massachusetts, the voter-approved ‘millionaires tax’ has generated $1.8 billion over the fiscal year for the state’s residents and there is still three months to go in the fiscal year.  This staggering amount of money will do so much for the people of Massachusetts and it shows what is possible if the rich pay their fair share in taxes,” said Representative Alzate and Senator Murray.

            “With these results over the border, now is the time for Rhode Island to do the same.  Rhode Islanders across the state are struggling on a daily basis and our state’s much-needed services are already being stretched thin due to lack of funding.  By enacting a ‘millionaires tax’ in Rhode Island, we will be helping to uplift our schools, invest in our children’s educations and futures, fund the rehabilitation of our crumbling infrastructure and provide the social safety nets that too many of residents are relying upon to survive,” concluded Representative Alzate and Senator Murray.

 

A key report shows wholesale inflation slowed last month. The July Producer Price Index shows a rise of zero-point-one percent. The PPI measures prices that businesses receive for goods and services. Economists had been expecting a slightly higher increase, according to a survey by the Wall Street Journal.        Over one-point-three million people tuned into Elon Musk's conversation with former President Trump on X last night. Some technical issues delayed the conversation, but the pair still spoke for over two hours. They discussed the attempted assassination of Trump in Pennsylvania, immigration, Russian President Vladimir Putin, the threat of global warming, and more.        Voters are heading to the polls for primary elections in Connecticut, Minnesota, Vermont, and Wisconsin today. In Minnesota, progressive Congresswoman Ilhan Omar will defend her seat against former Minneapolis City Council member Don Samuels. The contest comes after two other members of the so-called progressive "Squad," Jamaal Bowman and Cori Bush, lost their Democratic primaries this cycle.        Tropical Storm Ernesto isn't expected to hit the U.S. mainland as it heads up the Atlantic Ocean. Current forecasts show the storm will bring heavy rain and flooding to Puerto Rico and Virgin Islands today. The National Hurricane Center says Ernesto will then head northward and into the Atlantic.        A former Colorado clerk is facing up to 22 years in prison for election tampering. Tina Peters was convicted yesterday and will be sentenced in October. Prosecutors argued she let an unauthorized person access Mesa County's voting equipment in 2021 and make a copy of hard drives, as well as pictures of passwords, and then tried to cover it up.        U.S. gymnast Jordan Chiles will not have her appeal heard by the Court of Arbitration for Sport. On Sunday, the International Olympic Committee said it would take away her bronze medal because of a scoring error. Monday, USA Gymnastics said in a statement that it was notified that CAS rules don't allow for an arbitral award to be reconsidered.        

Old News Archives