McKee committed to PPP taxation over $150K
Updated at 7:07 p.m. on April 7, 2021
GOV. DANIEL J. MCKEE is committed to a budget proposal calling for taxation of Paycheck Protection Program loans over $150,000 that would generate about $67.7 million in general revenue in 2021 and 2022. / AP PHOTO/STEVEN SENNE
PROVIDENCE – Gov. Daniel J. McKee’s proposal to tax forgiven Paycheck Protection Program loans greater than $150,000 would generate an estimated $67.7 million in revenue for the state in fiscal years 2021 and 2022, according to the governor’s office.
Despite growing opposition from business groups, McKee spokesman Matt Sheaff on Wednesday said the governor remains committed to the proposal, which marks a shift in policy from what Paul L. Dion, chief of the R.I. Office of Revenue Analysis, told the Senate Committee on Finance in January.
Allowing outdoor dining to recoup financially from covid pandemic
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How RI restaurants could keep outdoor dining areas open longer
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3/31/2021
Restaurant owners say employee shortage holding them back
Owner Paula Dumas stands on the back patio at Uncle Ronnie’s Red Tavern in Burrillville, which she says they’ve been unable to open due to a shortage of employees. (Breeze photo by Lauren Clem)
BURRILLVILLE – One year into the pandemic, Paula Dumas, owner of Uncle Ronnie’s Red Tavern in Burrillville with her husband, Ron, said they’ve faced everything.
Since last March, they’ve switched to takeout, limited their seating, and navigated the complicated policies around reopening.
But the latest challenge, she said, isn’t related to the number of customers or government restrictions. Instead, she said, it’s staff that she’s struggling to bring in the door.
RI BUSINESS
During the pandemic, selling alcoholic drinks with take-out was a lifesaver for R.I. restaurants. What happens when thatâs no longer allowed?
âWhatâs the harm in being able to have another way to have revenue?â one restaurant owner asks. âEspecially now.â
By Brian Amaral Globe Staff,Updated March 11, 2021, 3:58 p.m.
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A to-go dinner and cocktail from SpeakEasy Bar & Grill in Newport, Rhode Island.Maddie Meyer/Getty
PROVIDENCE â When Angeloâs Palace Pizza in Cumberland, Rhode Island, had to shut down indoor dining a year ago because of the coronavirus pandemic, takeout became a critical lifeline. And being able to sell alcohol along with the food, which was allowed under an emergency state order, was a big part of that.