TAXING THE RICH??!?! #INTheDugout - May 7, 2025

Is Rhode Island about to sabotage its own economy? On today’s #InTheDugout, Mike Stenhouse is joined by RIPEC CEO Michael DiBiase to break down the proposed income tax hike on top earners and why it could backfire. Don’t miss this essential episode!

In this explosive episode of #InTheDugout with Mike Stenhouse, we are diving into the fiery debate over Rhode Island’s latest tax-the-rich proposal. With the state’s Senate poised for new leadership and progressive lawmakers eyeing a steep hike in the top income tax rate, the stakes couldn’t be higher. Sten unpacks the political backdrop, from Governor McKee’s and Speaker Shekarchi’s so-called potential opposition to Majority Leader Val Lawson’s openness to taxing the wealthy, all against the backdrop of a Rhode Island economy teetering on recession.

Joining Sten is special guest Michael DiBiase, President and CEO of the Rhode Island Public Expenditure Council (RIPEC), whose new policy brief warns of the economic risks posed by the proposed tax hike. DiBiase lays out the numbers: a 50% increase in the top rate risks driving out top earners, choking off small business growth, and further eroding Rhode Island’s already shaky competitiveness. Together, Sten and DiBiase dissect why raising taxes may be a “solution in search of a problem” — and what reforms could truly strengthen the Ocean State’s economy.

To round things out, Sten features a clip from anti-tax warrior Grover Norquist, adding national perspective to the Rhode Island debate. Whether you’re a policy wonk, a concerned taxpayer, or just love a good political showdown, this episode delivers a lively, fact-packed conversation you won’t want to miss. Tune in and get ready to rethink the rallying cry to “tax the rich”!