Political Quotes

“the first tax filing season under President Trump's mess of a tax law is upon us, and it looks like a whole lot of chickens are coming home to roost. Republicans jammed their tax bill through Congress at record speed-- pile driver legislating. The Trump tax bill was signed into law with a whopping 9 days to go before the 2018 tax year was set to begin, and after all of that land speed record timing, there were bound to be serious problems. There is a big one now that lots of Americans are reportedly waking up to, and they are waking up now that the tax filing season has arrived. The big tax refunds that Americans have gotten used to could be goners now that Trump's tax changes are the law of the land and many Americans might owe the government money. As the ranking Democrat on the Senate Finance Committee, I am very troubled about the prospect of what is ahead, and I want to lay out my concerns. Here is what this is all about. Most Americans have their taxes withheld from each paycheck, and the Treasury redoes the math on withholding every year. Obviously, the math gets more complicated when Congress passes legislation like President Trump's tax law, which, in effect, triggers a tax policy earthquake. The outcome of these decisions about how much to take out of everybody's paycheck is clearly going to have a big impact.…”