Treasury rejects claims it manipulated tax withholding

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The Treasury Department has strongly rejected complaints by congressional Democrats that it manipulated tax withholding last year in order to boost workers’ paychecks ahead of the midterm elections

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The letter comes as early tax-refund disbursement data show that both the share of taxpayers receiving payments from the IRS and the average amount they’re getting back is down significantly. Many experts say, though, it’s too early to draw many conclusions from the data.

 

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Democrats are the party of socialism

Laughing

Yes yes just like the Fed raised interest rates (to slow the economy down) right before the mid-terms too

Who ya gonna believe?

Alas, but according to SpeakerRyan it ended up to be $1.50 and he quickly pulled back. SenRonJohnson js_politics

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Shrinking tax refunds are a growing problem for GOP tax lawMost Americans will pay less in taxes for the last year after the legislation's across-the-board cuts. But little-noticed withholding adjustments and other changes have so far led to lower average refunds that have angered taxpayers. So basically you got more in your check, got less in your refund.. and basically broke even... When you pay less in, you get less back. That’s a pretty basic concept that’s easy to comprehend. And shall we discuss the large checks many of us will be writing for the first time?
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