The Leftist Propaganda Arm of the Democrat Party, AKA Mainstream Media, is conning Americans AGAIN. They are bastardizing the term “refund” to convince us that Trump’s Tax Cuts & Jobs Act of 2017 is hurting working families.
REAL REFUNDS VS FAKE REFUNDS
In Webster’s Dictionary the term refund is defined: “to return money.” Return ! ! ! THIS is the way Normal Americans have defined “refund” forever. This is STILL the definition, except when Liberals are talking or writing.
When the hate-filled Media says the IRS is issuing “refunds” for 2018 that are $170 lower than 2017 they are intentionally not telling you the dishonest definition for “refund.” Their definition of “refund” is not your definition of “refund” and they know it.
CARTER CREATED NEW WELFARE PROGRAM, CALLING IT “REFUNDS”
To help low-income, working families and keep them off official welfare program, the Carter Administration enacted the Earned Income Tax Credit program in the 1970s.
It goes like this: The worker gets back ALL the federal taxes that were taken out of his/her paycheck. He/she also gets additional funds from Americans who earn more than him/her. The lower the income and the higher the number of family members, the bigger the fake refund.
This is yet another form of welfare, but it is administered by the IRS. Recipients have the added benefit of NOT having pesky caseworkers looking over their shoulders. These families pay NO federal income taxes, but receive tax dollars paid by their fellow Americans.
This writer thinks this is a much better system of helping low-income families than the Aid to Dependent Children (ADC) program, in part because it incentives them to work.
CLINTON GREATLY EXPANDED EITC
The Clinton Administration greatly expanded who was eligible AND increased the amount of the EITC “refunds.” People who previously earned too much income, became eligible. And the amount of each “refund” was much higher.
Ask any tax preparer: Prior to the EITC expansion they dealt with few clients eligible for the fake refund. Beginning in the Bush/Obama recession, March & April were no longer their busiest months. Americans, legal immigrants and illegal aliens came to see them in January & February, wanting their welfare checks from the IRS.
EITC RECIPIENTS HARRASS EMPLOYERS
As time went on, employees began nagging their employers to issue W-2 statements before the January 31st deadline. They wanted their IRS checks ASAP. Many employers changed their policies and started issuing W-2 statements as soon as they were prepared, instead of waiting until the 1/31 deadline.
MORE JOBS, FEWER FAKE REFUNDS
Those who receive EITC money can expect to haul in $5,000 to $10,000 from their fellow Americans every tax season, PLUS a real refund that returns all the taxes withheld from their paychecks.
We are barely into the tax filing season. Only those who expect to get EITC dollars file THIS early. And the crooked Media, the hate-Trump Media KNOWS THIS.
EXPANDING EITC CAUSED CHANGES IN BEHAVIOR
As a family law attorney and bankruptcy attorney my EITC-receiving clients taught me how they get this loot each year. With the expansion of EITC, bankruptcy clients could not file their petitions with the court until after they had received and spent this fake refund. Otherwise the bankruptcy trustee would take it away from them as a non-protected asset. Thus, I filed fewer bankruptcy petitions in January-April.
Divorcing couples and non-married couples fought over who got the fake refund because it was a significant windfall for them. Prior to this expansion in the EITC program, estranged couples were rarely concerned about who got the children’s income tax exemptions because they were not particularly valuable.
If the tax filer had both a CHILD’s tax exemption and low-income, he/she qualified for EITC. Indeed, the child did not even need to be THAT person’s child. ANY child would do. So, this attorney saw grandparents, aunts, uncles, friends volunteering or scamming to have a child live with them SO THEY COULD GET THE $$$$$$$$$$$.
EXPANDED EITC INCREASED TAX SCAMS
Eventually I was seeing friends and relatives sharing the EITC. This scam went like this: The mother or father of the child would sign the necessary tax document each year, allowing another adult to claim this child’s tax exemption. This produced an EITC “refund” for the low-income adult.
This was done when the child’s parent earned too much to get an EITC. Their friend or relative with low income did not qualify for EITC because he/she did not have a child. So, the parent agreed to let the other adult claim the child on his/her tax return in exchange for some of the fake refund. The child never moved in with the other adult; therefore, the tax filer was committing tax fraud by claiming the Earned Income Tax Credit, and the parent was an accessory to this fraud.
TRUMP’S ECONOMY CREATED MANY JOBS, SO FEWER NEED EITC
During the recession that began at the end of the Clinton Administration and ended shortly after the Trump Administration began, America had a LOT of EITC households. Now that we have a booming economy, OF COURSE there are fewer EITC “refunds” because low-income households are MAKING MORE MONEY, WORKING MORE.
Part-time employees are now working full-time. Employees who stagnated in underemployment throughout the Bush & Obama Administrations finally found jobs paying higher wages.
THE FAKE NEWS NON-JOUNRALISTS WON’T TELL AMERICANS HOW MUCH THE BOOMING ECONOMY IS HELPING THEIR NEIGHBORS. WITH THE RUSSIAN INVESTIGATION HOAX IN IT’S DEATH THROES, WE CAN EXPECT EVER MORE OUTLANDISH FAKE NEWS.
WE CAN EXPECT THE HATE-TRUMP MEDIA TO THROW ALL CAUTION TO THE WIND IN SPEWING OUT LIES THIS YEAR & NEXT. IF TRUMP IS RE-ELECTED, THE BLATANT LIES WILL CONTINUE. IF HE ISN’T, IT IS ANYONE’S GUESS IF THEY WILL START REPORTING FACTS FROM TIME TO TIME.