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TopicMajority of Americans not seeing change in paychecks from GOP tax cuts
_OujiDoza_
03/28/18 9:58:48 AM
#1:


https://t.co/55j7On7Qmx

A majority of Americans is not yet seeing President Trump's tax cuts reflected in their paychecks, according to a new poll.

A CNBC All-America Economic Survey finds 52 percent of respondents say they haven't seen a change.

Just 32 percent of respondents report taking home more money due to the tax cuts, which Trump signed into law late last year.

Of that percentage, 38 percent say the extra pay they helps them a "great deal" or a "fair amount." Another 40 percent say the extra pay helps "some" or "just a little" and 22 percent report that the extra pay "does not help much at all."

The poll was conducted from March 17 to 20 among 800 Americans. Its margin of error is 3.5 percent.

The Treasury Department and IRS released new guidance earlier this year that adjusted the amounts that companies set aside from their employees' paychecks for federal taxes.

Employers were instructed to adopt the new withholding tables by Feb. 15.

Treasury Secretary Steven Mnuchin has said that 90 percent of wage earners would see bigger paychecks due to the guidance.


Helen Kennedy

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@HelenKennedy
1h1 hour ago
More Helen Kennedy Retweeted The Hill
Meanwhile stock buybacks are averaging $4.8 billion per day, according to CNBC, enriching shareholders and goosing executive bonuses.

Winning.
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