As early tax filers find out how much they are getting refunded, or paying to the government, this tax season, they are finding out the cold hard truth of the GOP tax plan. The tax plan was never intended to benefit lower and middle-class Americans, it was a plan designed exclusively to benefit major corporations and the top 1%.
The fact that the plan was just a massive tax break for the top 1% and mega corporations only becomes more absurd when you consider that the country is 22 trillion dollars in debt. Still you would think that after all the GOP’s bluster, lower and middle-class citizens should see some kind of increase on their tax returns, right? Wrong. Tax returns are down for early filers, with filers getting 8.7 percent less then they received in 2018.
On top of that, 4.6 million people that got a refund last year, will not get one this year. Instead, most of them will end up paying the government money this filing season, even though they have never had to do that before.
The common argument that gets thrown in the face of those complaining about their lack of tax returns, or newly incurred indebtedness, is that their weekly or biweekly paychecks went up throughout the year, thus justifying the lower returns. However, this response reeks of the same sentiment behind the comments of then Speaker of the House Paul Ryan when he Tweeted this in the beginning of 2018:
But how dare you not put that extra $1.50 a week into your savings account because they are going to take $1.00 of it back when you file your taxes! How did you not realize that when the GOP was slamming it down your throat how lucky you were to have them in office since you were getting such a great tax break that you needed to save it all because your refund was going to get slashed?
It’s just more proof that this tax plan was never intended to help the lower or middle class, it was all about giving breaks to mega corporations and the super-rich, which is why a company like Amazon, that made over 11 billion dollars in 2018, still ended up getting a refund of over 100 million dollars. That’s all thanks to the GOP tax plan.
Meanwhile that Costco membership was paid for. Well no it wasn’t, as this tax filing season has shown. Don’t be fooled this tax plan wasn’t for you or me. It was for the top 1%, and this tax season is only making that more and more clear.