President Donald Trump was headed to Minnesota Monday morning to visit a Burnsville truck and equipment company for a roundtable discussion on tax cuts and the USA economy. In Alabama, residents owed about 24 percent less in federal taxes.
Americans disappointed with their tax returns this year ー the first since the Republican tax cuts went into effect ー would be justified in blaming politicians in Washington for concocting a confusing system, an economist from the conservative Tax Foundation said. "In other words, you paid less in taxes, but you still got a smaller refund".
A smattering of boos rose from the audience at a trucking company in the Minneapolis suburb of Burnsville after Trump said "today is Tax Day that we're celebrating".
In his remarks the president said the economy was doing well and that the recent tax cuts were "working very, very well".
Minnesota U.S. Sen. Amy Klobuchar, a 2020 Democratic presidential candidate, said Sunday the tax cuts added trillions of dollars to the nation's debt and disproportionately helped the wealthy.
Companies are reaping benefits, using their savings to buy back stock at a record pace, according to TrimTabs Investment Research.
So far Trump doesn't appear to be getting much credit for the tax changes.
Besides taxes, Trump also argued that his tariffs on imported steel were helping blue-collar workers in Minnesota's more rural north and leading to a resurgence in the mining industry due to increased demand from domestic steelmakers. He says he won't release the returns because he's being audited by the IRS though the agency says an audit bars no one from making their returns public.
However, Senator Klobuchar said that money would be better invested in the country's crumbling infrastructure.
Trump narrowly lost Minnesota to Democrat Hillary Clinton in 2016 and is hoping to flip the state in 2020.