45 and dropping

PBN reported on the “The Small Business Survival Index 2010″ showing RI ranking 45th on the “costs and burdens of government on small business and policy areas that enable their competitiveness and growth.”

The SBE pointed to Rhode Island’s high corporate income and corporate capital gains taxes, high property taxes, high unemployment taxes, highest number of health insurance mandates (No. 51), high electric utility costs, high gas and diesel taxes, and the state’s poor private property protections as weighing on its ranking. (emphasis added)

I added the emphasis on “high electric utility costs” to point out that the results of this report reflect current prices – not what we will be burdened with once the Deepwater (and other smaller) windmill projects get underway and energy prices rise even more.   It is reasonable to expect that our taxes won’t be going down  anytime soon either – so don’t be surprised to see  a lower rating next year.


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