Americans for Tax Reform: Rhode Island Democrats Approve "Millionaire's Tax" Despite Budget Surplus
June 12, 2026
June 12, 2026
WASHINGTON, June 12 -- Americans for Tax Reform posted the following commentary on June 10, 2026, by Sean Rowen:
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Rhode Island Democrats Approve "Millionaire's Tax" Despite Budget Surplus
Rhode Island Democrats have approved a fiscal year 2027 budget that includes a new "millionaire's tax," adding the Ocean State to a growing list of states that have turned to higher taxes on top earners to generate additional revenue.
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Rhode Island Democrats Approve "Millionaire's Tax" Despite Budget Surplus
Rhode Island Democrats have approved a fiscal year 2027 budget that includes a new "millionaire's tax," adding the Ocean State to a growing list of states that have turned to higher taxes on top earners to generate additional revenue.