February 28, 2009
New York Times Uses State Business Tax Climate Index to Talk About Hard Times in Rhode Island
"Smallest State Grapples With Oversize Problems"
By Abby Goodnough and Katie Zezima
Mr. Carcieri does want to change the tax structure, which is generally considered uncompetitive with those of neighboring states. State leaders cringed last fall when Jack Welch, the former chairman of General Electric, said on Fox News that Rhode Island's tax structure made it "the 48th-most-acceptable state for business."
In fact, a study last fall by the Tax Foundation, a nonpartisan group in Washington, ranked Rhode Island's business climate the fifth-worst in the nation.
