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When is a tax actually tax relief? McKee explains his proposal to tax a portion of forgiven PPP loans
Business owners in Rhode Island say the governorâs proposed plan could harm small businesses
By Brian Amaral Globe Staff,Updated April 13, 2021, 5:57 p.m.
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Pink spring blossoms at the Rhode Island State House, surround the dome on a cloudy day.Suzanne Krieter/Globe staff
PROVIDENCE â When he first unveiled his budget plan in March, Gov. Dan McKee distanced himself from one of its more controversial proposals: making forgiven Paycheck Protection Program loans above $150,000 subject to state taxes.
Newport Life magazine
It seemed like a great idea at the time. It was the late 1980s, and Newport was hosting the St. Patrick’s Day parade, as it had every year since 1957. One of the sponsors brought along a half-dozen miniature Clydesdale horses. Prancing proudly in the middle of the parade, the diminutive equines did indeed charm the spectators if not the marchers who followed. “The people who came after had to tiptoe the rest of the route,” says James Mahoney, Grand Marshal of the 2008 parade. Lesson learned. “After that year, all equestrian mounts were placed at the end,” he says with a chuckle.