Millions Stunned As Tax Refunds Shrink

GOP Tax Law
It’s tax filing season, and the American people are seeing the impact of the GOP tax scam in the form of smaller tax refunds.

So for those keeping track of all of the GOP’s broken promises when it comes to the tax law, here’s a quick recap: it didn’t lead to massive job growth and wage increases, it didn’t make filing taxes easier, it didn’t pay for itself, and it’s leading to *lower* tax refunds for millions of Americans. Sure sounds like a scam to us.

Key excerpts from the Washington Post:
Millions of Americans filling out their 2018 taxes will probably be surprised to learn that their refunds will be less than expected or that they owe money to the Internal Revenue Service after years of receiving refunds.”

“People have already taken to social media, using the hashtag #GOPTaxScam, to vent their anger. Many blame President Trump and the Republicans for shrinking refunds. Some on Twitter even said they wouldn’t vote for Trump again after seeing their refunds slashed.”

“The uproar follows the passage of a major overhaul to the tax code in December 2017, which was enacted with only Republican votes and is considered the biggest legislative achievement of Trump’s first year.”

“John Prugh of Ewing Township, N.J., was irate when he completed his 2018 tax return this month and discovered his refund would be $3,000 less than what he received last year. Prugh considers himself ‘solidly middle class.’”

“The 39-year-old is a manager at a Barnes & Noble bookstore, and his wife works for the state government. They have two children. Prugh said he had no reason to believe their tax situation would change this year because he and his wife have lived in the same house for years while their incomes have remained stable.”

“‘It totally feels like a scam,’ said Prugh, who did not vote for Trump. ‘I did still get a small refund, but compared to what I was expecting from previous years, it was shock.’”

The average tax refund check is down 8 percent ($170) this year compared to last, the IRS reported Friday, and the number of people receiving a refund so far has dropped by almost a quarter.”
“‘I am really frustrated with my refund this year. I was expecting good chunk of change. I was going to put it toward buying a car,’ said Sal Ramirez, a 20-year-old packaging designer in San Gabriel Valley, Calif. He earns $45,000 and said he received a refund last year of more than $1,200 because he puts zero withholding on his W-4 form at work.”