Trump 'celebrating' tax day in Minnesota

Mae Love
April 16, 2019

"We promised that these tax cuts would be rocket fuel to the economy and we were right", Trump said during a roundtable discussion. The White House insists growth will again top 3 percent this year, saying the benefits from a reduced corporate tax rate and other reductions will boost performance. One poll found that just one-fifth of taxpayers were certain their taxes went down.

You can apply for an extension from the IRS, which gives you six months to get your taxes filed.

"It's clear that the people who really understand the financial standing of small businesses know that the tax cuts are working", said JCN President and CEO, Alfredo Ortiz. While the average filer was better off, it said, they weren't seeing it in their refunds, "which many people think of as their "bottom line'".

"According to the national survey of 102 Certified Public Accountants-representing over 5,500 small business pass through clients across the USA -conducted by Research Strategy Group International, almost 80 percent of respondents believe that the implementation of the tax cuts legislation has helped America's small businesses", the pro-small business organization said in a statement timed for tax day. A $1.5 trillion tax cut ranks 12th as a share of the total economy, according to the Committee for a Responsible Federal Budget. But so far, the tax cuts haven't delivered a major shot of financial adrenaline to most families.

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April 15 is a day to take stock.

Trump bucked decades of presidential tradition by declining to show voters his tax filings, both as a candidate and as president.

Trump has refused to make his tax returns public.

Trump narrowly lost Minnesota to Democrat Hillary Clinton in 2016 but hopes to claim victory here in 2020. And the President celebrated the resurgent iron ore industry in northern Minnesota, recalling a crying worker who thanked him.

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