Prominent Democrats are blasting Republicans’ massive tax lawover reports indicating the average American’s tax refund is slipping. But the fresh line of attack against the tax-code overhaul isn’t telling the whole story.
The new argument comes after data released Friday from the Internal Revenue Service showed that the average tax refund in the first week of the 2019 tax filing season was down 8% from the year before, to $1,865. The total number of refunds also fell 24% from last year.
High-ranking Democrats jumped on the decline as proof that the GOP tax law, called the Tax Cuts and Jobs Act, was not a boon for the middle class as President Donald Trump and Republican leaders had promised.Read More