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Yo_Mama_Been_Loggin

(108,136 posts) Mon Feb 18, 2019, 10:01 PM Feb 2019

Smaller tax refunds put GOP on defensive

The Trump administration and key GOP lawmakers are playing defense after early data showed Americans are getting smaller tax refunds in the first filing season under the GOP tax law.

The average refund size through Feb. 8 was 8.7 percent smaller than the same period last year, according to IRS figures. Democrats have seized on the numbers, arguing they prove that the 2017 tax-code overhaul by Republicans was a "scam" designed to help the wealthy at the expense of the middle class.

Republicans have pushed back, emphasizing that most people are seeing a reduction in their total tax liability, and that smaller refunds are preferable because they mean taxpayers were paying a more accurate amount throughout the year via their paychecks.

https://www.msn.com/en-us/news/politics/smaller-tax-refunds-put-gop-on-defensive/ar-BBTLUKe?li=BBnb7Kz

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Smaller tax refunds put GOP on defensive (Original Post) Yo_Mama_Been_Loggin Feb 2019 OP

That tune has changed a little bit gratuitous Feb 2019 #1

Many voters literally overpay through out the year, as we all know, guillaumeb Feb 2019 #2

gratuitous

(82,849 posts)

1. That tune has changed a little bit

Reply to Yo_Mama_Been_Loggin (Original post)

Mon Feb 18, 2019, 10:06 PM

Feb 2019

Guess they're not thinking

Republicans Celebrate

As he stood outside the White House on Wednesday, President Trump basked in the praise of Republican lawmakers assembled around him. He was lauded for his "exquisite presidential leadership." He was touted as "one heck of a leader" and as a "man of action."

That "leadership" isn't quite so exquisite anymore, I'm guessing.

guillaumeb

(42,641 posts)

2. Many voters literally overpay through out the year, as we all know,

Reply to Yo_Mama_Been_Loggin (Original post)

Mon Feb 18, 2019, 10:08 PM

Feb 2019

so that they will be, in effect, forced to save.

The weekly overpayment means that they will receive a larger refund. The overpayment constitutes an interest free loan, but if one is unable to save, this is one way to at least accumulate a lump sum of money for a year.

But the GOP promised that taxpayers would pay less money. Which is not true. And eliminating deductions and shifting bracket levels mean that many will, in fact, pay more.

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