Published: Tue, April 16, 2019
Business | By Eloise Houston

Klobuchar Releases Taxes, Urges Trump to Do Same

Klobuchar Releases Taxes, Urges Trump to Do Same

A smattering of boos rose from the audience at a trucking company in the Minneapolis suburb of Burnsville after Trump said "today is Tax Day that we're celebrating".

President Donald Trump's Monday visit to Minnesota was a chance to talk about tax reform.

Although two-thirds of Americans got a tax cut for 2018, most taxpayers say they are paying the same or more to the IRS.

Reporters traveling with the president said Trump's motorcade pulled up on the tarmac at Joint Base Andrews in Maryland about 11:26 a.m.

"It is quite a bit earlier than it was mainly due to the Tax Cuts and Jobs Act, which reduced federal tax liability quite a bit", Pomerleau said.

"I would say Americans approve of a prosperous economy" that has been rebuilt by Trump's policies.

Further muddling the picture was the federal deduction for state and local taxes being capped at $10,000, which has mattered in high-tax states such as Minnesota, California and NY, among others.

"Winning? Well, most US taxpayers", she said. He claimed his tax cuts are the largest in USA history, but the facts show otherwise.

Companies are reaping benefits, using their savings to buy back stock at a record pace, according to TrimTabs Investment Research.

So far Trump doesn't appear to be getting much credit for the tax changes.

The Tax Foundation could point to its annual Tax Freedom Day, when the "nation as a whole has earned enough money to pay its total tax bill".

Tax Day also comes this year amid an ongoing battle for the president's tax returns. A key House committee, citing a 1920s law, has given the administration until April 23 to hand over six years' worth of Trump's business and personal returns. With the provisions taking effect past year, taxpayers are now tallying their final accounting and, in many cases, wondering what happened to the tax cuts touted by Mr. Trump and GOP lawmakers. And the President celebrated the resurgent iron ore industry in northern Minnesota, recalling a crying worker who thanked him.

Political analyst Blois Olsen says Trump is focused on Minnesota because he loves to win, and this is a state he nearly won. Speaking of the scene outside the warehouse, he added: "I see American flags waving all over and it's handsome".

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