Report: Trump’s potential tax changes disproportionately favor the 1%

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THE PROPOSED TAX CHANGES by Donald J. Trump would disproportionately benefit the top 1 percent of earners in the state according to the Institute on Taxation and Economic Policy. / COURTESY THE INSTITUTE ON TAXATION AND ECONOMIC POLICY
THE PROPOSED TAX CHANGES by President Donald Trump would disproportionately benefit the top 1 percent of earners in the state, according to the Institute on Taxation and Economic Policy. / COURTESY THE INSTITUTE ON TAXATION AND ECONOMIC POLICY
PROVIDENCE – President Donald Trump has spelled out a number of changes to the nation’s tax code, although no formal plan has been advanced. In a study published July 20, the Institute on Taxation and Economic Policy calculated the potential effects of the changes in all 50 states, and reached the conclusion that Rhode Island’s richest 1…

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