FAKE NEWS @POLITICO: “Republicans On The Defensive As Americans Start Filing Their Returns”

This isn’t even remotely journalism.

Size apparently does matter — at least when it comes to tax refunds — and that’s put Republicans on the defensive as Americans start filing their returns

@politico

From the article:

With headlines blaring about smaller refunds in the first weeks of the three-month filing season, GOP lawmakers and their supporters are working in tandem to remind people that the GOP tax overhaul cut almost everyone’s taxes last year, regardless of what their tax refunds look like this year.

But Americans are accustomed to refunds, often big ones, and IRS statistics showing they are down by an average of 17 percent so far this year have forced a reckoning that conservatives didn’t expect. Democrats are doing their best to take advantage of it and ramping up their criticism of the tax overhaul, which passed without a single Democratic vote.

Of course this is total nonsense. There are two chief reasons why the refunds would be down.

First, the cap on real-estate mortgage deductions means everyone who owns property in high tax states just got a dose of reality about just how much their state has been ripping off…er…relying on the federal treasury.

The second, and more important reason refunds might be smaller…

If you pay less= you recieve less. Hello

@AlexRad17

Correct. The gov’t started taking less from each paycheck, therefore you get less back in refund.

Politico does finally get to that truth at the very end of the article after 16 paragraphs of gas lighting:

Senate Finance Chairman Chuck Grassley (R-Iowa) and House Ways and Means ranking member Kevin Brady (R-Texas), both of whom played prominent roles in drafting the 2017 tax law, penned a joint op-ed to explain that smaller tax refunds don’t represent tax liabilities. Refunds result from overpayments.

“The size of your tax refund has nothing to do with your overall tax bill,” they wrote in USA Today on Wednesday. “It merely reflects what you overpaid the IRS in your paychecks last year.”

Ya don’t say!