Senator Ron Wyden (D, OR), Finance Committee Ranking Member, had this bit:
It looks like the Trump Treasury Department spent 2018, an election year, goosing people’s paychecks by under-withholding, and it should have been obvious that the bill would come due eventually[.]
Never mind that the IRS also warned taxpayers—and their employers—to carefully check their existing withholding arrangements, especially in this period of large changes to the tax code.
Senate Minority Leader Chuck Schumer (D, NY) was just as disingenuous:
Many Americans depend on their tax refund to pay bills and make ends meet….
Never mind that large tax refunds, far from being a savings account (that pays even less interest than a bank savings account), is an interest free loan to the government. Leave it to a Progressive-Democrat, with his constant demands for OPM, to insist that this interest free loan to Government of a citizen’s money is entirely appropriate.
Keep in mind, too, that these are the same politicians who will work to prevent the tax reform’s current personal income tax cuts from becoming permanent. Because the money in those paychecks isn’t the citizen’s; it belongs to Government.
Goosed paychecks? Those could be permanently increased paychecks—because of the so far lowered income tax rates—but for those Progressive-Democrats.