Skip to comments.Democrats vilify the Trump tax cuts for generating smaller refunds
Posted on 02/12/2019 10:42:48 AM PST by Oldeconomybuyer
Democrats see early statistics showing declining refunds this tax filing season as an opportunity to attack the 2017 Republican tax overhaul as a giveaway to the rich at the expense of the middle class.
The tax cuts lowered the amount withheld from each paycheck for most taxpayers, cutting their taxes but also raising the possibility that, when they file their taxes, their refund will be smaller.
Even though they may be paying less taxes overall, taxpayers might resent getting a smaller lump refund - or having to pay a larger bill to tax collectors.
The effect of those tax cuts on the middle class figures to be a major point of litigation in 2020 campaigns.
The average tax refund is down about $170 compared to last year, Sen. Kamala Harris, D-Calif., a candidate for president, tweeted Monday. Lets call the Presidents tax cut what it is: a middle-class tax hike to line the pockets of already wealthy corporations and the 1%.
Harris has said she would seek to roll back the tax cuts for those making more than $100,000 per year if elected president.
I do think theres confusion, and because of the government shutdown and because of the change in the tax laws theres a lot of nervousness around the tax season, said Sen. Rob Portman R-Ohio, a senior member of the the Senate Finance Committee. Im told confidently by Treasury everything is going to be OK, everythings going to work, but I do think there is some understandable concern.
(Excerpt) Read more at washingtonexaminer.com ...
We have to pay a small amount this year. Would far rather have to send in than let the Feds hold my money, interest free, until I file for my refund.
The democrat formula;
Math is hard.
People are stupid.
My wife and I made more, paid less taxes and got a bigger return. I can live with that.
I see the public schools have served the government well. Must be new math in all 57 states.
exactly....the party of the deaf dumb and blind.....
I haven’t gotten a refund in years.
I don’t believe in giving the Government an interest-free loan.
Kammy Harris proves she’s dumber than dirt.
Democrats are annoyed that the feds are not holding onto as much of our money (interest-free) until they decide we can have the overage returned to us sometime in the next fiscal year. (For those who didn’t follow the article, most folks are not only paying less in taxes, they are having less withheld, so the increased cash in their pockets shows up continually during the year, not in as big a lump sum as it might have in previous refunds).
If someone needs the government to save money for them in the form of over paying taxes just to get a bigger refund, that someone is as dumb as a box of rocks.
it’s a working formula..
I’m in Minnesota.. while it’s a complete and total lie.
$50 more take home each payday = $1,300
$200 less refund
Net loss to taxpayer...
Bwa ha ha ha ha...
Cut spending and it will get bigger.
Nothing is new under the sun.
For decades the ill-informed taxpayers have fooled themselves into believing a tax refund is money the government gave to them.
And unfortunately, almost all of these ill-informed taxpayers are regular voters.
Tax refunds have ZERO to do with taxes paid. It has everything to do with withholding amounts. I heard a CBS news reader gasp when this was announced, what an idiot.
Only Democrats and their brain dead minions can show this level of stupidity.
Women and child hit hardest.
The kind of people who think this are the sort who will vote Democrat no matter what. These are the people who believe that if they get a refund they don't pay taxes.
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