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Americans Not Happy with Trump Tax Plan’s Effect on Returns

Early results for American taxpayers seem to be a mixed bag, but there is hope on the horizon.

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As the US economy continues to roar, President Trump has been exalted as the CEO-in-Chief that we’ve always wanted and needed.

Consumer confidence was one of the first indicators of just how powerful a fiscal force he would be as President.  In the weeks and months after Trump was sworn into office, this index soared.  Where Obama could make an argument for some of his outgoing policies at least setting The Donald up for success, (maybe), there is no credit for 44 in that consumer confidence figure.

And, as we all know, when consumer confidence is high, the rest of the economy feels little less coarse.  The friction of our fiscal world lessens, like the “lubricating” effect of alcohol on one’s language.

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President Trump then sought to bring this fiscal expertise to the tax game, hoping to spur the economy with his golden-heeled boots.

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Working class Americans aren’t so sure about this one, however, as their IRS filings begin to take shape.

The first tax filing season under the new federal tax law is proving to be surprising, confusing — and occasionally frightening — for some Americans, especially those accustomed to getting money back from the government.

Take Andy Kraft and Amy Elias of Portland, Oregon. The couple had grown comfortable getting a small refund each year, a few hundred dollars or more. Then they found out they owe $10,160 this year.

“I will never forget the moment, I thought ‘We look good’ and then we added in the next W-2 and my jaw hit the floor,” Kraft said. “There was no way I wanted to believe that what I was looking at was accurate.”

So what is the issue?

President Trump promised a reduction in taxes with the new law. And by most measures, the majority of Americans will see one. The nonpartisan Tax Policy Center projected the tax law would reduce individual income taxes by about $1,260 on average, although it benefits higher earners more.

So not everyone will see a massive tax bill or a drop in their refund. Some people already saw the benefit in the form of bigger paychecks. That’s because the law forced employers to change what they withheld. But the system is far from perfect, and many workers didn’t have enough in taxes set aside. Now, the IRS wants that money.

In addition, the law also eliminated personal exemptions, increased child credits, limited popular deductions and generally upended many familiar practices that determine what happens at tax time. That has taxpayers feeling a bit unmoored.

Given the length of time in which these tax codes remain in place, there is no doubt that the 2019 filing year will be a far smoother and more predictable experience for many Americans.

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Katie Hill Criticizes Paul Gosar For Epstein Tweets; Gosar Fires Back And Says ‘You Taught The Country What A ‘Throuple’ Was’

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Rep. Paul Gosar, Arizona, struck back at his former colleague Katie Hill after she ripped him for tweeting about the “suicide” of Jeffrey Epstein, a current hot topic and popular meme circulating around the Internet. Gosar’s burn was aimed at Hill’s recent controversy involving lewd photographs of her with a staffer who she had an inappropriate relationship with, noting that she taught the country what a “throuple” was. Here’s more from Fox News: Hill reprehended Gosar over a series of tweets that spelled out “Epstein didn’t kill himself,” a line that has been appearing in memes and on social media. Hill blasted him for “tweeting out real conspiracy theories.” “No[,] like this actually happened. Real members of Congress tweeting out real conspiracy theories. In an acrostic no less,” Hill tweeted. Gosar fired back, “You’re surprised by me? You single-handedly taught an entire country a new word. #throuple,” Gosar reacted. “And wth is up with that tattoo? Relax.” “Throuple,” which is a term to describe a three-person relationship, was the arrangement Hill reportedly had with her estranged husband and a female campaign staffer. Hill accused her estranged husband of leaking the nude photos as “revenge porn” amid their messy divorce. Hill’s attorneys also vehemently denied allegations made in a DailyMail story that one of the nude photos shows a “Nazi-era Iron Cross” tattoo. Gosar got a whole lot of attention on his Twitter account Wednesday after he let loose with a series of tweets he made in connection with the ongoing testimony of U.S. diplomat Bill Taylor and State Department official George Kent as the first witnesses in the impeachment hearings against President Trump. The first letter of each of the tweets spells out “Epstein didn’t kill himself.” Rather clever, wouldn’t you agree?

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First Day Of Public Impeachment Hearings Turns Up The Pressure On Moderate Democrats

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Much attention is now being cast toward moderate Democrats in the House, especially in swing districts, with the first day of public hearings in the impeachment inquiry into President Trump now under wraps. The day finished up without any major revelations coming to light, highlighting the weakness of the Democrats’ key witnesses in the case against the president. Many of these witnesses are relying on second-hand information, having not interacted even once with the president. Here’s more from Fox News: At one point in Wednesday’s hearing, Rep. Mike Quigley, D-Ill., even appeared to embrace hearsay testimony, claiming that “hearsay can be much better evidence than direct” and that “countless people have been convicted on hearsay because the courts have routinely allowed and created, needed exceptions to hearsay.” It was unclear which of those limited exceptions would apply to Wednesday’s testimony — and whether Quigley’s argument would persuade critical swing-vote Democrats. The House is now comprised of 431 members, meaning Democrats need 217 yeas to impeach Trump. There are currently 233 Democrats, so Democrats can only lose 16 of their own and still impeach the president. 31 House Democrats represent more moderate districts that Trump carried in 2016. Freshman Rep. Elissa Slotkin, D-Mich. — who flipped a GOP district in 2018 that Trump won by 7 points in 2016 — told Fox News that she was tentatively weighing all the evidence. “My constituents expect me to make an objective decision,” Slotkin said as the hearings concluded, “not one based on an hour of testimony.” https://twitter.com/RealSaavedra/status/1194710194166497281 There’s also a report floating around that is suggesting that if House Democrats impeach the president, Senate Republicans are going to hold a lengthy trial that will “scramble” the 2020 Democratic presidential primary by making it mandatory for several of the contenders to stay put in…

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