Published: Tue, April 16, 2019
Economy | By

Trump 'celebrating' tax day in Minnesota

Trump 'celebrating' tax day in Minnesota

That's an effective tax rate of 20.4 percent, about 1 percent lower than what the couple was taxed at in 2017, when they paid $33,720.

Accompanying the president on the Tax Day jaunt are Treasury Secretary Steven Mnuchin and Minnesota U.S. Rep. Tom Emmer, a Republican who represents a district north of the Twin Cities.

"This has been a very special state", said President Trump.

The goal of the visit was to conduct a roundtable discussion on the economy and tax cuts passed in 2017.

The president showed the audience a printout of the New York Times article during a roundtable discussion in Minnesota to promote its success in boosting the economy.

Democratic critics say most of the savings is going to wealthier Americans and corporations, and many corporations are using it to buy back stock rather than expand and create jobs. Giving the president hope is the memory that his popularity outside the Twin Cities area helped the GOP flip two U.S. House seats away from the Democrats a year ago.

"Take a look at the numbers", Kudlow said Monday at the White House. While the average filer was better off, it said, they weren't seeing it in their refunds, "which many people think of as their "bottom line'". "This is the hottest economy in the world".

Trump called his tax cut and economic recovery plan historic, something he said no previous president was able to do. He claimed his tax cuts are the largest in USA history, but the facts show otherwise.

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

While the president seeks to leverage Tax Day to highlight his own economic policies, a recent poll found that most Americans don't believe they've directly benefited from the Republican tax bill.

Trump bucked decades of presidential tradition by declining to show voters his tax filings, both as a candidate and as president. 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.

Trump narrowly lost Minnesota to Democrat Hillary Clinton in 2016 and is hoping to flip the state in 2020. 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.

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