TRY AS THEY MIGHT, THE LEFT, DEMOCRATS AND THE BIAS MSM WILL NOT BE ABLE TO COMBAT THAT 90% OF AMERICANS WILL GET A TAX CUT IN 2018 …
As reported at CBS News – Boston, next month American workers will see the beginnings of the Trump-GOP tax cut in their paychecks. All Americans, whether you be Republican, Democrat, Conservative, Liberal, Libertarian or somewhere in-between will benefit from this. Whether you are black, white, Hispanic, Asian or whatever, you will benefit from these tax cuts where not one Democrat House Representative or Senator voted for. Unreal, the once Democrat party of the blue color worker now votes against the American worker. The LEFT, Democrats and the liberal media can say and write all of the negative stories they want, the fact of the matter is that an overwhelming majority of Americans will see a benefit from this courtesy of President Trump and the GOP.
The U.S. Treasury and the IRS on Thursday put out new guidance and withholding tables for employers that incorporate changes from the new tax law.
Under those new tables, the Treasury estimates that 90% of people who get a paycheck are likely to see more in take-home pay, as soon as February. Employers will have until Feb. 15 to incorporate the changes in their payroll systems.
But for many taxpayers, they will need to assess whether the new tables really are withholding enough money so that they’re not saddled with a big bill when they file their taxes next year.
The major changes affecting individuals include new tax brackets, (mostly) lower income tax rates, a near-doubling of the standard deduction and the elimination of both personal exemptions as well as many itemized deductions.
The new tables are designed not only to best approximate the change in workers’ tax liability under the new law, but to do so in a way that “delivers benefits as soon as possible to as many people as possible with as little disruption as possible,” a senior Treasury official told reporters.
The IRS is not issuing new Form W-4s … yet. “We’ve constructed the tables so that most people should be accurately withheld if they leave their W-4 in place,” a senior IRS official noted.
Let’s see how the Democrats and their MSM propaganda machine spin this ahead of the 2018 midterm elections. What is their slogan, Vote for Democrats, because your money is our money! Good luck to those Democrats in Trump states explaining this one.