As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by WASHINGTONEXAMINER.COM:
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.
The article goes on to state the following:
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.
Internal Revenue Service statistics show that the number of tax refunds has fallen 25 percent as of Feb. 2 and that the average size of refund has fallen 8.5 percent. It’s not clear yet whether that trend will hold for the entire filing season, which extends until mid-April.
Winners: “Most U.S. taxpayers.”
— Washington Examiner (@dcexaminer) April 16, 2019
Today marks the first #TaxDay under the Republican tax law that overwhelmingly benefits corporations and the top 1%.
Almost half of working families are a $400 unexpected expense away from financial disaster. They deserve a real tax cut. That’s why I proposed the LIFT Act. pic.twitter.com/qTcRWkZdKa
— Kamala Harris (@SenKamalaHarris) April 15, 2019
IBM: $500M in profits
Coors: $1.3 BILLION in profits
GM: $4.3B in profits
Amazon: $11B in profits
— Rep. Ilhan Omar (@Ilhan) April 15, 2019
— SEIU (@SEIU) April 15, 2019
-IBM claimed a $342M rebate on $500M in profits
-Amazon claimed a $129M rebate on $11B in profits
-Netflix paid no income tax on $856M in profits
-Coors claimed a $23M rebate on $1.3B in profits
-GM reported a negative tax rate on $4.3B in profits
— Public Citizen (@Public_Citizen) April 15, 2019
Republicans had a different view. See examples below.
Even CNN is saying that American taxpayers are “winning” under the Trump tax cuts. pic.twitter.com/IMZvkcZbm1
— Arthur Schwartz (@ArthurSchwartz) April 15, 2019
— Rep. Kevin Brady (@RepKevinBrady) April 15, 2019
Today is #TaxDay, and we are seeing the true benefits of #TaxReform. Middle-class households in PA are now saving nearly $1,500 per year in taxes! Our goals were to simplify the code, put money back in your pocket, and grow the economy for everyone — and that’s what’s happening. pic.twitter.com/PagHs1DDl7
— Senator Pat Toomey (@SenToomey) April 15, 2019
Almost all federal income taxes are paid by the top 50%, more than 2/3 of income taxes are paid for by the top 10% and more than 40% of taxes are paid by the top 1% of taxpayers. #TaxDay https://t.co/ygrG1DWnBQ pic.twitter.com/PtURAigwtA
— AEI (@AEI) April 15, 2019
Tax cuts are real, many in the media just doesn’t want you to know. The truth doesn’t fit their destructive narrative. This is just another collapsing lie in their web of lies. https://t.co/YarlvsVWL5
— Brad Parscale (@parscale) April 15, 2019
On Tax Day, Americans are seeing the benefits of @POTUS’ Tax Cuts and Jobs Act! The average American family got to keep more than $2,000 of their hard-earned money in 2018. That’s real money for American families! 💰💰💰
— Vice President Mike Pence (@VP) April 15, 2019
✅ Doubled Child Tax Credit
✅ Financial flexibility on education
✅ Savings on household bills
— The White House (@WhiteHouse) April 15, 2019
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