Donald Trump and Republicans have been touting their tax plan, claiming that it would put more money in people’s pockets. But the only thing that it has done is to help the rich get richer.
But it gets worse. After the first full year of Trump’s 2017 tax overhaul plan, people are seeing a decrease of 8.4 percent in their tax returns.
“There are going to be a lot of unhappy people over the next month,” Edward Karl, vice president of taxation for the American Institute of CPAs told Politico. “Taxpayers want a large refund.”
“Various factors could have played a part in the filing decrease so far, including the federal government shutdown that ended just three days before filing season opened Jan. 28,” the report added.
“The IRS had recalled previously furloughed workers during the closure to prepare, but thousands didn’t return when summoned and a backlog was expected to greet them when they did,” the report said.
The IRS released a statement urging people to file early,
“IRS systems are operating smoothly to start the filing season, and refunds are being issued,” a statement said. “The IRS encourages taxpayers to e-file as the quickest way to receive their refunds.”
It appears the GOP and Trump were lying to you this whole time. That’s not a surprise.