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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.

Trending: Video: Pelosi Goes On Live TV, Says Senate Must Allow Witnesses to Testify Or ‘Pay A Price’

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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Ivanka Trump Responds To CNN Panel Mocking Trump Supporters, Says What They Did Is ‘Disgusting’

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A panel on CNN mocked Trump supporters over the weekend in a video that has since gone viral and earned the ire of not only those who back the president, the president himself, but also his family members. Ivanka Trump, the president’s daughter came to the defense of millions of Americans who voted for her father in the previous 2016 election, calling what the panel did “disgusting.” In the video, CNN host Don Lemon and friends made fun of Trump fans, calling them “rubes” who can’t read or do basic math. Here’s more on what Ivanka said about the whole fiasco via The Daily Wire: Early Tuesday morning, Trump’s daughter Ivanka took CNN to task for the panel, pointing out that the network constantly bemoans the divisions in the country while making fun of those who don’t vote Democrat. “You consistently make fun of half the country and then complain that it is divided,” Ivanka tweeted. “The arrogance, mocking accents and smug ridicule of this nation’s ‘Real Elites’ is disgusting.” https://twitter.com/IvankaTrump/status/1222126462347681793 As The Daily Wire previously reported, the panel consisted of writer Wajahat Ali and Republican consultant Rick Wilson, who claimed Secretary of State Mike Pompeo “knows deep in his heart that Donald Trump couldn’t find Ukraine on a map if you had the letter U and a picture of an actual physical crane next to it.” Wilson later went on to dawn a horrible fake southern accent and said, “He knows that this is, you know, an administration defined by ignorance of the world, and so that’s partly him playing to their base and playing to their audience, you know, credulous boomer rube demo that back Donald Trump, that wants to think that Donald Trump’s a smart one, and y’all — y’all elitists are dumb.” Here’s a full transcript…

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CNN Panel Mocks Trump Supporters In Viral Video; President Calls Don Lemon ‘Dumbest Man On Television’

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Popular left-wing news outlet CNN has a well earned reputation for being a little less than trustworthy when it comes to the stories they pursue and cover for their viewers, but what’s worse is how they treat folks who tend to have a different worldview than the one they ascribe to. A recent clip, which has gone viral, of a panel on CNN disparaging Trump supporters is proves this claim to be true, but thankfully, we have a president who isn’t afraid to punch back and to defend his backers when someone attacks them. Here’s more on this from the Daily Wire: In the discussion, which occurred over the weekend, the host, Don Lemon, and two Trump critics, op-ed writer Wajahat Ali and Republican Rick Wilson, suggest that Trump supporters are illiterate “rubes” who can’t read a map or do basic math. Speaking of Sec. of State Mike Pompeo, Wilson said that he “knows deep in his heart that Donald Trump couldn’t find Ukraine on a map if you had the letter U and a picture of an actual physical crane next to it” — a line that Lemon found side-splittingly hilarious. Wilson then widened his mockery to include Trump’s “base” of supporters. “He knows that this is, you know, an administration defined by ignorance of the world, and so that’s partly him playing to their base and playing to their audience, you know, credulous boomer rube demo that back Donald Trump, that wants to think that Donald Trump’s a smart one, and y’all — y’all elitists are dumb,” said Wilson, adopting a southern accent. “You elitists with your geography and your maps and your spelling…” mocked Ali. “Your math, your reading,” said Wilson. “Yes, your reading, you know,” Ali added. “Your geography knowing other countries. Sipping your latte.” “All…

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