R.I. millennial lawmakers oppose congressional tax-cutting bill

PROVIDENCE – A host of millennial-age elected officials last week wrote a letter to federal lawmakers, urging the rejection of the congressional Republicans’ tax-cutting legislation. The group wrote the bill would have a negative impact on younger U.S. citizens. “This bill represents a massive tax increase on many young people in Rhode Island, while benefiting…
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  1. Sadly, this group of individuals is doing nothing more than spouting left-wing talking points. The errors in their arguments are too numerous to refute here. In short, the cut in tax rates, combined with the large standard deduction increase … will more than offset any loss of smaller deductions for all but a very few wealthy households. Virtually all non-millionaire millennials will see a net tax reduction.