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Stock impact report

Rhode Island Eyes Tax on Rich to Counter Trump Policies [Yahoo! Finance Canada]

Hasbro, Inc. (HAS) 
Last hasbro, inc. earnings: 4/29 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.hasbro.com/investor-relations
“We are in a spot where we're going to have to address some of those headwinds that are coming our way from DC,” McKee said. Democrats across the US are increasingly exploring higher taxes on the wealthy as a way to bolster budgets and tackle a K-shaped economy where higher-income individuals thrive and lower-income ones are forced to dial back spending. Many are looking to Massachusetts, which shares a border with Rhode Island, as a model. In the three years since Massachusetts started charging a 4% surtax on incomes over $1 million, the effort has created a $6.2 billion windfall. Washington, Michigan and New York are among the places where progressives are pushing for higher taxes on the rich. But economic pressures in Rhode Island are forcing even previously tax-averse politicians like McKee and Providence Mayor Brett Smiley to give measures a second look. The tiniest state in the US by square miles, Rhode Island's real GDP grew at a fraction of both broader New England's an Show less Read more
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