GOP tells IRS to MANIPULATE tax cuts so they APPEAR bigger before MIDTERMS!!!

Jul 2015
33,163
24,568
Florida
#1
I told this board a week ago, be careful what you wish for!!!! Depending on HOW these cuts are structured, these monies for 'those who need them the most' could well be nothing more than a small advance on what they generally get as a refund on the back end for the previous year. This could come as a complete shock to many. There are MANY who count on a refund to pay for incurred debts over the previous year.

In the meantime, THE GOP IS MANIPULATING WITHHOLDING TO APPEAR AS A BIGGER BOOST BEFORE THE ELECTIONS!! Fucking manipulative bastards could end up hurting a whole lot folks, and I hope, only surprising others!!

There is a history of politicians trying to manipulate withholding, through obscure tables issued by the IRS,
with an eye toward providing a short-term boost to the economy. President George H.W. Bush tried it
ahead of the 1992 election, and the 1986 tax overhaul attempted, unsuccessfully, to quash refunds altogether.




FINANCE & TAX
The IRS’s election-year quandary: When to boost Americans’ paychecks

The agency is under pressure to take as little as possible so people will see big increases in their
take-home pay ahead of midterm elections.


By BRIAN FALER
01/10/2018 05:04 AM EST


“We oppose any attempts by the administration to systematically underwithhold income taxes during the 2018 tax year, knowing that in 2019 taxpayers may find they owe taxes when they were expecting a refund,” Rep. Richard Neal, right, and Sen. Ron Wyden, left, wrote to acting IRS Commissioner David Kautter. | Win McNamee/Getty Images

The IRS is facing its first big challenge implementing the new tax law: deciding how much in taxes to withhold from millions of Americans’ paychecks.
The agency is under pressure to take as little as possible so people will see big increases in their take-home pay ahead of this year’s midterm elections.

But that would come at a cost: smaller or even nonexistent refunds next year, though millions rely on them to plug holes in their family budgets. Democrats are already accusing the Trump administration of plotting "phantom windfalls" ahead of the November contest that will come back to haunt taxpayers next tax season.

We oppose any attempts by the administration to systematically under-withhold income taxes during the 2018 tax year, knowing that in 2019 taxpayers may find they owe taxes when they were expecting a refund,” Sen. Ron Wyden and Rep. Richard Neal, the top Democrats on congressional tax committees, wrote to acting IRS Commissioner David Kautter.

How the IRS — which is supposed to be apolitical — decides to implement withholding could go a long way toward shaping public opinion on the controversial law....


https://www.politico.com/story/2018/01/10/tax-reform-paychecks-irs-332183




CLICK


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Likes: 2 people
Apr 2015
15,331
2,851
Katmandu
#4
I told this board a week ago, be careful what you wish for!!!! Depending on HOW these cuts are structured, these monies for 'those who need them the most' could well be nothing more than a small advance on what they generally get as a refund on the back end for the previous year. This could come as a complete shock to many. There are MANY who count on a refund to pay for incurred debts over the previous year.

In the meantime, THE GOP IS MANIPULATING WITHHOLDING TO APPEAR AS A BIGGER BOOST BEFORE THE ELECTIONS!! Fucking manipulative bastards could end up hurting a whole lot folks, and I hope only, surprising others!!

There is a history of politicians trying to manipulate withholding, through obscure tables issued by the IRS,
with an eye toward providing a short-term boost to the economy. President George H.W. Bush tried it
ahead of the 1992 election, and the 1986 tax overhaul attempted, unsuccessfully, to quash refunds altogether.




INANCE & TAX
The IRS’s election-year quandary: When to boost Americans’ paychecks

The agency is under pressure to take as little as possible so people will see big increases in their
take-home pay ahead of midterm elections.


By BRIAN FALER
01/10/2018 05:04 AM EST


“We oppose any attempts by the administration to systematically underwithhold income taxes during the 2018 tax year, knowing that in 2019 taxpayers may find they owe taxes when they were expecting a refund,” Rep. Richard Neal, right, and Sen. Ron Wyden, left, wrote to acting IRS Commissioner David Kautter. | Win McNamee/Getty Images

The IRS is facing its first big challenge implementing the new tax law: deciding how much in taxes to withhold from millions of Americans’ paychecks.
The agency is under pressure to take as little as possible so people will see big increases in their take-home pay ahead of this year’s midterm elections.

But that would come at a cost: smaller or even nonexistent refunds next year, though millions rely on them to plug holes in their family budgets. Democrats are already accusing the Trump administration of plotting "phantom windfalls" ahead of the November contest that will come back to haunt taxpayers next tax season.

“We oppose any attempts by the administration to systematically under-withhold income taxes during the 2018 tax year, knowing that in 2019 taxpayers may find they owe taxes when they were expecting a refund,” Sen. Ron Wyden and Rep. Richard Neal, the top Democrats on congressional tax committees, wrote to acting IRS Commissioner David Kautter.
How the IRS — which is supposed to be apolitical — decides to implement withholding could go a long way toward shaping public opinion on the controversial law....


https://www.politico.com/story/2018/01/10/tax-reform-paychecks-irs-332183
Another fake headline that has nothing to do with the cited story.
 
Likes: 1 person
Apr 2015
15,331
2,851
Katmandu
#6
Nice try. Thanks for playing.
There isn't a single quote, statement or document in your cite that shows that the GOP has instructed the IRS to do anything.

This is the only cite from a republican:

Asked about Democrats’ warnings of politically motivated withholding changes, House Ways and Means Chairman Kevin Brady (R-Texas) said, “There’s never been any question about the IRS’ timely, accurate withholding tables, nor should there be today.”
The title of this thread is a lie and fake news.
 
Jul 2015
33,163
24,568
Florida
#9
There isn't a single quote, statement or document in your cite that shows that the GOP has instructed the IRS to do anything.

This is the only cite from a republican:



The title of this thread is a lie and fake news.
WELL THEN TELL THE 'SITE BUILDERS' TO GIVE US MORE CHARACTERS! You gotta make a point as best you can in 'limited space'.

BITE ME!!
 
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