Dan McKee on Tax Reform



Reduce the corporate minimum tax from $400 to $350

Rhode Island is the small business state. I know that, not only as Governor, but as a former small business owner. That's why one of my top priorities is making Rhode Island a better place to do business. The budget I'll send to the General Assembly this week will keep that progress going.

I will call for reducing the corporate minimum tax from $400 to $350--this tax impacts our state's smallest businesses the most. Let's give them more relief.

Source: 2024 State of the State Address to the R.I. legislature , Jan 17, 2024

Reduce corporate minimum tax to help small business

Here's a few of our Small Business Article proposals: For far too long, minority entrepreneurs & minority-owned businesses have faced barriers in starting and growing businesses. They've had more hurdles to jump to get over that finish line. Let's reduce those hurdles. I'm proposing a $10 million Minority Business Support Initiative to strengthen our minority business community and increase minority business ownership in the state.
Source: 2022 State of the State Address to Rhode Island legislature , Jan 18, 2022

Increase real estate transfer tax on homes over $700,000

He also supports a buffed-up version of former Gov. Gina Raimondo's bid to raise the real estate transfer tax on high-end homes, defined as those costing more than $700,000, to provide "a permanent funding stream for affordable and workforce housing." (Raimondo had proposed a $500,000 threshold.) The current rate is $2.30 for every $500 spent. McKee's proposal doubles the rate to $4.60 for every $500 spent above $700,000, with all of the new revenue going into a new "housing production fund."
Source: Providence Journal on 2022 Rhode Island Gubernatorial race , Mar 11, 2021

Other governors on Tax Reform: Dan McKee on other issues:
Gubernatorial Debates 2023:
KY: Incumbent Andy Beshear(D)
vs.State A.G. Daniel Cameron(R)

vs.Ambassador Kelly Craft(R)
vs.State Auditor Mike Harmon(R)
LA: Incumbent John Bel Edwards(D,term-limited)
vs.Jeff Landry(R)
vs.Shawn Wilson(D)
vs.John Schroder(R)
vs.Sharon Hewitt(R)
MS: Incumbent Tate Reeves(R)
vs.Bill Waller(R,withdrew)
vs.Brandon Presley(D)

Gubernatorial Debates 2024:
DE: Gov. John Carney (D, term-limited);
Lt. Gov. Bethany Hall-Long (D)
vs. Matt Meyer (D)
IN: Gov. Eric Holcomb (R, term-limited);
Sen. Mike Braun (R)
vs. Suzanne Crouch (R)
vs. Jennifer McCormick (D)
MO: Gov. Mike Parson (R, term-limited):
Jay Ashcroft (R)
vs. Bill Eigel (R)
vs. Mike Kehoe (R)
vs. Crystal Quade (D)
MT: Gov. Greg Gianforte (R)
vs. Tanner Smith (R)
vs. Ryan Busse (D)
Gubernatorial Debates 2024 (continued):
NC: Gov. Roy Cooper (D, term-limited);
Dale Folwell (R)
vs. Michael Morgan (D)
vs. Mark Robinson (R)
vs. Josh Stein (D)
vs. Andy Wells (R)
ND: Gov. Doug Burgum (R)
vs. State Rep. Rick Becker (R)
NH: Gov. Chris Sununu (R, retiring)
vs. Sen. Kelly Ayotte (R)
vs. Joyce Craig (D)
vs. Chuck Morse (R)
vs. Cinde Warmington (D)
UT: Gov. Spencer Cox (R)
vs. State Rep. Phil Lyman (R)
VT: Gov. Phil Scott (R) unopposed
WA: Gov. Jay Inslee (D, retiring);
Hilary Franz (D, withdrew)
vs. State Sen. Mark Mullet (D)
vs. County Chair Semi Bird (R)
vs. WA Attorney General Bob Ferguson (D)
WV: Gov. Jim Justice (R, term-limited);
vs. WV State Auditor JB McCuskey (R, withdrew)
vs. WV Secretary of State Mac Warner (R)
vs. State Del. Moore Capito (R)
vs. WV Attorney General Patrick Morrisey (R)
vs. Huntington Mayor Steve Williams (D)
Civil Rights
Foreign Policy
Free Trade
Govt. Reform
Gun Control
Health Care
Homeland Security
Local Issues
Social Security
Tax Reform


Page last updated: Feb 16, 2024; copyright 1999-2022 Jesse Gordon and OnTheIssues.org