Report: Proposed tax changes would mostly benefit top 1% of R.I. earners

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THE INSTITUTE ON TAXATION AND ECONOMIC POLICY created a chart that shows how the proposed tax reform package would affect Rhode Islanders. / COURTESY INSTITUTE ON TAXATION AND ECONOMIC POLICY
THE INSTITUTE ON TAXATION AND ECONOMIC POLICY created a chart that shows how the proposed tax reform package would affect Rhode Islanders. / COURTESY INSTITUTE ON TAXATION AND ECONOMIC POLICY
PROVIDENCE -  The latest proposed tax reform framework supported by President Donald Trump and U.S. House Speaker Paul Ryan would disproportionately benefit the top 1 percent of earners in Rhode Island, according to an Institute on Taxation and Economic Policy report issued last week. Sixty-five and two-tenths percent of tax breaks would be for the top…

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