Shekarchi Says Revenue Neutral Tax Break Needed to Help RI Small Businesses

Shekarchi Says Revenue Neutral Tax Break Needed to Help RI Small Businesses

House Majority Leader Joseph Shekarchi joined GoLocal News Editor on GoLocal LIVE at the Rhode Island State House, where he spoke to his recent legislative proposal that he said would “help the many small business owners who will be hit by higher federal taxes under President [Donald] Trump’s new tax laws.”

Read More: Majority Leader Shekarchi Proposes Bill to Cut Taxes for Small Businesses Impacted by Trump Tax Reform

Shekarchi, who spoke to the bill’s particulars, said that in Rhode Island, the tax break would be “revenue neutral.”

In addition, Shekarchi also spoke to being a co-sponsor on bi-partisan legislation to address asset forfeiture reform in the state. 

The bill, introduced by Republican Representative Brian Newberry, aims to reform Rhode Island’s asset forfeiture laws by focusing on seizures, due process, and transparency.