Americans are unhappy with tax overhaul, and the GOP should be worried, says HeidiHeitkamp. investinyou (In partnership with acorns.)
If you ask any Republican member of the U.S. House of Representatives or the U.S. Senate what is the most significant fiscal accomplishment of the Trump presidency, the overwhelming answer would be the Tax Cuts and Jobs Act, or TCJA.
Well, April 15 is here, tax returns are being filed and Americans remain unconvinced of the equity and the value of the TCJA.Here's what we need to do to improve financial literacyResults from a recent NBC News/Wall Street Journal Poll said just 17% believe their own taxes will go down. By contrast, 28% believe they'll pay more, 27% expect to pay about the same, and 28% don't know enough to say.
As of the end of March, the IRS paid out $6 billion less in total refunds this year compared with last, and the average tax refund amount is $20 less than last year. This does not look like the huge tax reduction promised to middle-class America.
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