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Look at federal taxes paid, not size of refund

As Americans file their taxes by this Monday’s April 15, 2019 deadline, they might be surprised that most received a tax cut due to the Tax Cuts and Jobs Act of 2017, despite the media’s continuous coverage that tax refunds will be smaller than the previous year. A Washington Post headline announced on February 10, 2019, “Millions of Americans could be stunned as their tax refunds shrink.” Two days later, The New York Times reported, “Smaller Tax Refunds Surprise those Expecting More Relief.” Two days after that, National Public Radio...

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The “Basket of Deplorables” election revolution

The so-called Basket of Deplorables and the millions of forgotten people, who were either left behind or unemployed during the “economic recovery,” led Tuesday’s election day revolution. The deplorables voted for Donald Trump for president because: Trump led the revolution against the Establishment Republican and Democratic parties, who continued to maintain the status quo with respect to globalization, regardless of the unlevel playing field in trade, jobs and lack of international respect for America, which was in sharp...

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Take advantage of college tax credit for middle class families

Your federal income taxes are due by April 15th. However, there’s still time to offset some of the costs of higher education by reducing the amount of your income tax by up to $2500 with an American Opportunity Tax Credit. According to an article, “Tax breaks for college costs,” published in the Rockford Register Star this past Valentine’s Day, you may reduce the amount of your income tax if you paid for a college student’s educational expenses in 2015 and you and the student meet certain eligibility requirements. A tax credit reduces the...

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Ask not what your government can do for you – there is a limit

The government has no business trying to run entitlement programs such as Obamacare – no business acumen whatsoever. Social Security is going bankrupt. As reported in 2010 in the New York Times, the program was already paying out more money than it had coming in (6 years before it was predicted to happen) with only IOUs in its so-called trust fund. Medicare Hospital Insurance Trust Fund expenditures have exceeded income annually since 2008 and are projected to continue doing so under current law in all future years. It could go bankrupt...

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The “Farm Bill,” which is 80% food stamps, was defeated in the House

House conservatives on Thursday defeated the multiyear $500 billion “farm bill” by a vote of 195-234, objecting to the massive size of the pork-filled bill. The White House threatened to veto the House version because it cut too much money ($3.2B) out of the food stamp program, which makes up 80% of the farm bill. The cost of the food stamp program has doubled in just five years under the Obama administration, despite his claims that our economy is on the mend. The Senate version “cut” a small $400 million per year out...

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Obama’s presidency, an abuse of power or total incompetence?

President Obama, with his “I don’t know” Teflon administration, has abused the power of the office, with Benghazi-gate, while using the IRS against the his political enemies during the November elections and then intimidating his own bureaucracy’s whistleblowers by subpoenaing the phone records (office, cell and home phones) of the Associated Press reporters under the guise of homeland security. Obama’s perfect storm of scandals — Benghazi, the IRS  and the seizure of Associated Press phone records  and now Fox...

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