Tuesday, February 19, 2019

A Brief Note on the Trump Tax Bill

So, tax refunds are coming in and a lot of people are finding that under the new tax law their refunds have shrunk.  How many people?  And how do they compare to ones who have seen their refunds grow?  I have not seen any statistics on that so far, only anecdotes.

Any major reform will have losers as well as winners.  Such was the case with Obamacare, and it is the case with the Republican tax bill.  And invariably you will hear a lot more from losers than winners.  The number of losers under Obamacare was not great compared to the total population, but they made their anger known.  Republicans were quick to trumpet the loses under Obamacare to condemn the whole bill.  Now Republicans are getting a taste of their own medicine.  

Forgive me for finding it a gratifying sight.

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