Proposed taxes on high-income earners draw pushback from business community

Updated at 1:45 p.m. on April 2, 2021.

Cassius Shuman

04/02/2021

Karen Alzate — REP. KAREN ALZATE, D-Pawtucket, is the sponsor of a bill that would tax high-income earners to generate $128 million in general fund revenue by taxing income over $475,000 at a rate of 8.99%. / COURTESY R.I. GENERAL ASSEMBLY

PROVIDENCE – Two pieces of legislation pending in Rhode Island’s General Assembly are aimed at raising taxes on high-income earners, something the state's business community says could impact small businesses. The two pieces of legislation, both income tax hikes, are pending in the House Finance Committee. Neither bill would impact individuals who earn less than…

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