The GOP tax reform bill isn't effective when filing this year's taxes. It will be effective when you file at the beginning of NEXT year. What IS effective now are new federal withholdings. That's what is leading to bigger paychecks now. Will be effective for everyone February 15.
Meet Matt and Amy. They live in Lancaster County. Because of GOP #TaxReform, they get to keep more of their own money. Matt wrote me a note last week that I wanted to share.
Just like Matt and Amy did, be sure to #CheckYourCheck! http://bit.ly/2nrJ8Ei pic.twitter.com/aGYi1ZIJj0
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Rep. Smucker, Just because less money is deducted from a paycheck, it doesn't necessarily mean they will pay less taxes. You know that. They may actually owe more if the new tax law allows less deductions for them. But that will happen after the mid-term elections. Convenient.
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This is the key to whole problem with the “tax cuts”. Withholding is not the same as taxes or tax rates. The change in withholding Is an accounting gimmick, but people think this is their tax cut. The fact that Congressmen would prey on this ignorance is appalling.
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Oh, you like hearing from constituents? How about holding your first ever town hall? Are you too scared to hear real stories that are not scripted by the Koch Brothers, who are ordering you to “sell” the tax scam?
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Why did you make Matt and Amy's tax cut temporary and the tax cuts for giant corporations permanent?
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Companies that announced big bonuses after
#GOPTaxScam are now laying off their workers:https://thinkprogress.org/companies-gop-tax-bonuses-layoffs-fdf07fdf90d2/ … -
How the
#GOPTaxScam is sending jobs overseas:https://www.theatlantic.com/business/archive/2017/12/tax-jobs-overseas/547916/?utm_source=twb …
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Sirs, I'm asking this in all sincerity. Please answer. Do you think Matt & Amy should spend that money or save it in light of the fact that their tax cuts will expire and you're looking at cutting medicare, medicaid and social security benefits?
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