*By Justin Chermol*
According to House Ways and Means Committee Member Judy Chu, the GOP "made false claims" about the tax bill that passed in December of 2017 and is taking effect this tax season.
"They said things like the American public would get on the average a $4,000 per person increase. Well, that is certainly not the case. There are many Americans that will not have enough, and will actually pay more in taxes than what they originally thought," Chu, a California Democrat, told Cheddar.
As the first tax season impacted by the reform legislation got underway, many Americans were surprised by receiving smaller refunds than expected ーor by getting tax bills. In many cases, the difference was due to a change in IRS withholding tables that left more money in people's paychecks while shrinking the size of their refunds. In other cases, the actual tax bill increased due to changes to the law like a new cap on property and local income tax deductions.
Chu blames the confusion on the rushedー and secretive ー nature of the legislation.
"I think that the tax bill was done haphazardly, in the dead of night. In fact, it was done in 51 days, there were virtually no hearings on this, and people didn't have a chance to even really look at it before it was passed by Republicans," she said. "So as a result, it was not planned for properly."
In response, the #GOPTaxScam hashtag has resurfaced on social media platforms in recent weeks.
Chu said she is also hearing that outrage directly from constituents.
"I've had letters from my constituents saying that they have to pay $3,000 more on their taxes ー something that really upsets them and really hurts their budget," Chu told Cheddar.
Now that Democrats have gained control of the House, Chu said there are plans to revisit the legislation.
"We want to have hearings right away about the true impact of tax law," she said.
The Trump administration has asked an appeals court to remove Lisa Cook from the Federal Reserve’s board of governors by Monday, before the central bank’s next vote on interest rates. Trump sought to fire Cook Aug. 25, but a federal judge ruled late Tuesday that the removal was illegal and reinstated her to the Fed’s board.
President Donald Trump's administration is appealing a ruling blocking him from immediately firing Federal Reserve Gov. Lisa Cook as he seeks more control over the traditionally independent board. The notice of appeal was filed Wednesday, hours after U.S. District Judge Jia Cobb handed down the ruling. The White House insists the Republican president had the right to fire Cook over mortgage fraud allegations involving properties in Michigan and Georgia from before she joined the Fed. Cook's lawsuit denies the allegations and says the firing was unlawful. The case could soon reach the Supreme Court, which has allowed Trump to fire members of other independent agencies but suggested that power has limitations at the Fed.
Chief Justice John Roberts has let President Donald Trump remove a member of the Federal Trade Commission, the latest in a string of high-profile firings allowed for now by the Supreme Court.
President Donald Trump has fired one of two Democratic members of the U.S. Surface Transportation Board to break a 2-2 tie ahead of the board considering the largest railroad merger ever proposed.
The Rev. Al Sharpton is set to lead a protest march on Wall Street to urge corporate America to resist the Trump administration’s campaign to roll back diversity, equity and inclusion initiatives. The New York civil rights leader will join clergy, labor and community leaders Thursday in a demonstration through Manhattan’s Financial District that’s timed with the anniversary of the Civil Rights-era March on Washington in 1963. Sharpton called DEI the “civil rights fight of our generation." He and other Black leaders have called for boycotting American retailers that scaled backed policies and programs aimed at bolstering diversity and reducing discrimination in their ranks.
President Donald Trump's administration last month awarded a $1.2 billion contract to build and operate what's expected to become the nation’s largest immigration detention complex to a tiny Virginia firm with no experience running correction facilities.
Cracker Barrel said late Tuesday it’s returning to its old logo after critics — including President Donald Trump — protested the company’s plan to modernize.
Donald Trump has a message for critics who think turning the U.S. government into a major stockholder of Intel is a “socialist” move: More is coming.
Federal Reserve Gov. Lisa Cook's lawyer says she'll sue President Donald Trump's administration to try to prevent him from firing her. Longtime Washington attorney Abbe Lowell said Tuesday that Trump “has no authority to remove” Cook. If Trump succeeds in removing Cook from the Fed's board of governors, it could erode the Fed’s political independence, which is considered critical to its ability to fight inflation because it enables the Fed to take unpopular steps like raising interest rates. The Republican president said Monday he was removing Cook because of allegations she committed mortgage fraud. Cook was appointed by Democratic President Joe Biden in 2022 and says she won't step down.
Federal Reserve governor Lisa Cook late Wednesday said she wouldn’t leave her post after Trump on social media called on her to resign over an accusation from one his officials that she committed mortgage fraud.
