It's been over 2 weeks since the dreaded April 15th tax deadline. One can venture to guess that a large majority of the boo-birds in the press have filed their tax returns. While they have had a lot of "material" to discuss, including the redacted Mueller report and the Barr testimony, one major story affecting all working class Americans has flown completely under the radar.
2018 Tax savings baby!!! The engine powering the main vehicle driving our historic economy was built on the 2017 Tax Cuts and Jobs Act. After a slight lag, a successful return to form for the Trump economy saw 3.2% GDP growth in the first quarter of 2019. Things are great economically in America yet you never see the people responsible for keeping the people's ledger on those important matters mentioning it.
Even pundits that support the left are constantly grasping at straws to make irrelevant arguments using cherry picked data or are somehow spinning this into being a victory for former president Obama's economic policy.
The journalists and personalities that made the White House Correspondents Dinner an unbearable event for anyone floating in President Trump's orbit have failed an ethical test here. As amplified observers of current events, the media has a responsibility to give a truthful account of our history in real time. The blind hatred they show against the president jeopardizes the future of the media outlets they work for as they continue to progress towards becoming 24 hour lie factories.
In regard to the Trump tax cuts directly, some of it's biggest beneficiaries are consistently slamming him on a daily basis through the press. According to Glassdoor, the national average salary for a journalist is $45,845. Via Trump, earners with that salary as their Adjusted Gross Income (AGI) saw a more than 20% savings in their total tax bill.
In addition to the lowered tax brackets, these earners saw the single filer's deduction increase from $6,350 to $12,000. It was even better for married Americans, as the the deduction for married and joint filers increased from $12,700 to $24,000. This huge deduction increase is good through 2025. Estimates claim that 94% of taxpayers took the standard deduction this year in order to save time and hassle in preparing their taxes.
It was even better for single parents in America, as the deduction for those designated as "head of household" almost doubled from $9,350 to $18,000!
People earning less than $50,000 a year are watching every dollar. They can lie, spin and contort as they attempt to further besmirch our President but the fact is, as a result of the Trump presidency, even his most passionate haters are doing better economically.
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