MSNBC’s Stephanie Ruhle had a wake-up call for American taxpayers on Monday, saying that as a result of President Donald Trump’s tax reforms, fewer people are getting refunds — and it’s the middle class that’s taking the hit.
“When President Trump signed his bill into law, he promised more money in your pocket,” Ruhle said as she ran a clip of the president’s promises. “An average of $4,000 per household.” But she added that the administration had been “vague” about the source of that extra income, leading many taxpayers to believe mistakenly that they’d be getting greater tax refunds.
“Early data from the IRS shows there are fewer refunds coming back so far this year,” she said. “The total number of people receiving refunds is down by about 25%, and the refunds people are seeing are lower.”
Ruhle cautioned that it was still early in the tax season, and that circumstances might change. But she added that many people might see “a smaller refund or no refund at all” when all is said and done “thanks to changes in the withholding tables.” These changes, detailed by Vox explain how the Republicans’ 2017 Tax Cuts and Jobs Act rejiggered withholding formulas to make the tax cut more palatable, but wound up hurting middle class families.
“If you wind up owing the IRS this spring,” she said, “you can change your withholding now to prevent any surprise tax bills for 2019.”
Watch the video below.
‘Conspiracy, extortion and bribery’: Ex-prosecutor ticks off crimes Trump and Rudy may have committed with Ukraine gambit
On MSNBC Saturday, former federal prosecutor Mimi Rocah laid out all the ways that President Donald Trump and his lawyer Rudy Giuliani could be breaking federal law with their apparent scheme to push Ukraine into digging up dirt on former Vice President Joe Biden.
"Extortion, conspiracy to engage in extortion, and violating federal election law," said host Alex Witt. "Do you agree with all those premises?"
"I do, Alex, and I would add one to that, which is federal bribery," said Rocah. "Here, Trump essentially was trying to get the Ukrainian president to bribe him, give him information about his political opponent in exchange for aid to the country. So, that is soliciting a bribe. And you know, look, we can get into this more. Obviously, this is my area of expertise, whether something violates federal criminal laws, but I do worry that we're going down a path that we went down with the Mueller investigation, because for the president of the United States, that is not the standard."
Giuliani’s public invitation to Ukraine to interfere in US elections opened the door for other countries to run to Trump
President Donald Trump's attorney Rudy Giuliani turned heads with his bizarre, unhinged rant on national television that effectively urged Ukraine to continue trying to gather dirt on former Vice President Joe Biden — and for news outlets to take whatever they find seriously.
As Casey Michel wrote in The Daily Beast, even if this effort ultimately fails to turn up useful opposition research against Biden, this is a profoundly dangerous development for American democracy.
Trump whistleblower needs to go directly to FBI because Bill Barr can’t be trusted: Ex-FBI director
Appearing on MSNBC with host Alex Witt, former FBI Assistant Director for Counterintelligence Frank Figliuzzi blew up Donald Trump's claim that he is the victim of a "Ukraine Witchhunt."
He then added that the whistleblower who went to the inspector general with a serious charge against the president should take what he has and go to the FBI within a week if nothing happens.
"We've got to get to the bottom of this, and we can't rely on leaks and certain reporters getting certain tidbits of information," the ex-FBI man explained. "This needs to be explored and it's likely this could end up in a criminal investigation."