Opponents disagree with Carcieri's approach.

"We're looking at the wrong tax. The reality for Rhode Island is for a couple of decades now we've had a significant over-reliance on the property tax. That hurts not only our business people, particularly our smaller business people, but it also hurts our middle-income and moderate-income families," said Karen Malcolm of Ocean State Action.

And she says the proposed cuts will decrease investment in the very infrastructure businesses look for.

Democrats who dominate the General Assembly have said they are worried about massive budget deficits that could grow larger if the tax cuts pass.

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