The Washington Post gives Joe Biden four Pinocchio’s for the above statement….
Biden’s ACTUALLY question IS on point….
The Wash Post piece actually admits that on a whole?
The tax cut might amount to $3.50 , a day , for most people….
Heck, everyone I know had their taxes paid for 2018 go up…..
And for those of us in high tax states?
Regardless of the below linked piece?
YOU lost money because Republicans limited what you could deduct off the bottom line….
No wonder Biden had the crowd with him when said the above….
Most of us middle classer’s?
Haven’t felt a damn thing….
H&R Block reported that its clients experienced a 25 percent reduction in tax liability, which translates to about $1,200 on average. Tax refunds were mostly flat, however, as the Internal Revenue Service changed the withholding tables so people would see more in their paychecks. So that worked out to about $25 extra every week — or $3.50 a day — starting in March.
Now, this may be one reason Biden’s audience readily agreed with his statement that they didn’t “feel” the tax cut. An extra $3.50 a day might easily be missed, especially if the tax refund barely changed. The size of a tax refund appears to be very important for many Americans, even if it’s in effect an interest-free loan to the government. Nevertheless, the average reduction in tax liability was 25 percent, which also serves to illustrate that many Americans do not pay much in federal income taxes….