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160 million-plus Americans see more money in pay checks thanks to Trump tax cuts

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By Robert Romano at NetRight Daily and Americans for Limited Government

Feb. 15 has passed and the IRS is complete with processing the new withholding tables that take into account the new tax cuts enacted by Congress and President Donald Trump.

If all has gone according plan, your employer has applied the new rates — full disclosure: my employer has — and about 80 percent of you should be seeing a tax cut in your paycheck. Out of 200 million or so taxpayers, that is 160 million people or so, who are now be feeling the benefits of the Trump tax cuts.

Overall, the lower rates will account for $94 billion of additional pay for Americans in 2018 on the individual side of the ledge before deductions, or about $7.8 billion extra a month, according to the Joint Committee on Taxation. In 2019, that will jump up to more than $135 billion, or $11.3 billion a month.

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