centerleftFL
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- Mar 3, 2018
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I said it would take until early April. This was from a poll published a week ago. As I suspected, MOST people see nothing.
Here's the kicker. April 15 is around the corner. I wonder how many people who are seeing some savings will owe or have smaller refund checks? (I'd rather have mine all year long). MOST people don't understand what might be their case. And many rely on those MAY refund checks).
Shock poll: Majority of Americans don’t see Trump tax cuts in paychecks
By Helaine Olen March 27
CNBC’s All America Economic Survey, conducted by Hart Research Associates and Public Opinion Strategies in mid-March, found that only a third of the Americans have noticed more money in their paychecks because of $1.5 trillion Trump tax cuts. More than half — 52 percent — say they’ve seen no change at all.
The extra take home pay is so inconsequential to most people that, of the minority who says they’ve noticed the extra funds, a little less than 40 percent say it’s improved their finances “a great deal” or “a fair amount,” with the remainder saying it the money either helps a small amount or not at all.
Am I surprised? Of course not! This was entirely predictable — despite Republican claims to the contrary last year.
The tax bill, as we all know, was a major gift to corporations and the wealthiest of the wealthy, who received the lion’s share of the $1.5 trillion cuts. The cuts the typical American received, on the other hand, are relatively minor.
The nonpartisan Tax Policy Center estimated that the typical middle-income household would see an after-tax gain of $930 in 2018 as a result of the new law. Assuming a one-paycheck household, that adds up to a little less than $18 a week.
Here's the kicker. April 15 is around the corner. I wonder how many people who are seeing some savings will owe or have smaller refund checks? (I'd rather have mine all year long). MOST people don't understand what might be their case. And many rely on those MAY refund checks).
Shock poll: Majority of Americans don’t see Trump tax cuts in paychecks
By Helaine Olen March 27
CNBC’s All America Economic Survey, conducted by Hart Research Associates and Public Opinion Strategies in mid-March, found that only a third of the Americans have noticed more money in their paychecks because of $1.5 trillion Trump tax cuts. More than half — 52 percent — say they’ve seen no change at all.
The extra take home pay is so inconsequential to most people that, of the minority who says they’ve noticed the extra funds, a little less than 40 percent say it’s improved their finances “a great deal” or “a fair amount,” with the remainder saying it the money either helps a small amount or not at all.
Am I surprised? Of course not! This was entirely predictable — despite Republican claims to the contrary last year.
The tax bill, as we all know, was a major gift to corporations and the wealthiest of the wealthy, who received the lion’s share of the $1.5 trillion cuts. The cuts the typical American received, on the other hand, are relatively minor.
The nonpartisan Tax Policy Center estimated that the typical middle-income household would see an after-tax gain of $930 in 2018 as a result of the new law. Assuming a one-paycheck household, that adds up to a little less than $18 a week.
