Not exact matches
Chafee has a mixed economic record in Rhode Island, raising its
sales tax to reduce its budget deficit, and
decreasing the state's corporate
tax rate to seven
percent from nine
percent.
A 1 percentage point reduction in
tax rates increases investment by 4.7
percent of installed capital, increases payouts by 0.3
percent of
sales, and
decreases debt by 5.3
percent of total assets.
They had gone back to a 4
percent sales tax in 2015, January 2015, after a temporary
decrease the year prior.»