What 2020 Democrats want to fund by repealing Trump’s tax cuts

Irving Hamilton
April 17, 2019

A smattering of boos rose from the audience at a trucking company in the Minneapolis suburb of Burnsville after Trump said "today is Tax Day that we're celebrating".

The bill's backers say two-thirds of American taxpayers should be getting a break under the law.

If for any reason you can't get them filed by the deadline there are a few options offered.

The tax cuts were lambasted on Sunday by Minnesota Sen.

"For many, it means those workers took home more money in their paychecks during the year because employers began using the new IRS income tax withholding tables".

"It is quite a bit earlier than it was mainly due to the Tax Cuts and Jobs Act, which reduced federal tax liability quite a bit", Pomerleau said.

Tax payer's can also apply to settle for a smaller amount or request a temporary delay in payment from the IRS.

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President Donald Trump's Monday visit to Minnesota was a chance to talk about tax reform.

Trump's package considerably trails Ronald Reagan's 1981 tax cuts, Barack Obama's 2013 extension of George W. Bush's tax cuts, and others. He said weekly earnings are up and more people are working and prospering. Walz and Klobuchar, who is running for president in 2020, are both Democrats; Trump is a Republican. Just 17 percent of those polled believed their taxes went down. The tax law's backers said that slashing corporate rates would allow businesses to raise wages, increase bonuses and hire more workers.

Reporters traveling with the president said Trump's motorcade pulled up on the tarmac at Joint Base Andrews in Maryland about 11:26 a.m.

More than 6 in 10 Americans told CBS News they think large corporations and wealthy people benefited from the tax overhaul. The best way to gauge if you're coming out ahead is to determine what's known as your "effective" tax rate, a percentage that represents how much of your annual income was paid in taxes.

"Frankly, I don't think Congress, particularly not this group of congressmen and women, are smart enough to look through the thousands of pages that I would assume that President Trump's taxes will be".

Further muddling the picture was the federal deduction for state and local taxes being capped at $10,000, which has mattered in high-tax states such as Minnesota, California and NY, among others. Almost one-third of the tax returns expected to be filed this year had not been filed by April 6 (the most recent date for which IRS data are available).

While at the event, Trump discussed topics ranging from business growth to the economic plight of farmers to the burning of the Cathedral of Notre Dame.

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