The Brady Briefing: Tax Cuts 101, East Texas Manufacturing, Border SecurityUSA Daily Times By U.S. Congressman Kevin Brady (R-TX) “Doesn’t she know how tax refunds work?”. That’s what I heard repeatedly from folks I visited this past week while traveling my nine-county congressional district. They were referencing a Democratic presidential candidate from California who – like others in her party and many media “experts” – shamelessly peddled the claim that smaller tax refunds means higher taxes. It was quickly debunked. The Washington Post called the claim “misleading and nonsensical.” My constituents here in Texas know: Your tax refund has zero to do with your overall tax bill. It merely represents how much you overpaid the IRS last year in your paycheck. Most American families live paycheck-to-paycheck. They need tax relief now, which is why 90 percent of workers started seeing their tax cut in their paychecks starting last February. We designed it that way so workers wouldn’t have to wait a year to keep more of what they earn. And if they want more to be held back, they can decide for themselves by simply adjusting their withholding at work. You can learn more about how your tax burden went down under the Tax Cuts and Jobs Act at the website taxfoundation.org/tax-calculator. And many taxpayers qualify to file for free at the IRS. Learn more here – www.irs.gov/filing/free-file-do-your-federal-taxes-for-free. One of the CEO’s told me how the new Tax Cuts and Jobs Act I authored had enabled them to make major equipment and technology investments, helping them hire more workers and meet the needs of their growing customers. Kevin Brady is the ranking Republican of the powerful House Ways and Means Committee. |