GOP promise to simplify tax code falls short as new tax code remains complex
Following the passage of the Tax Cuts and Jobs Act in December 2017, the Republican party promised that the new tax code would be simpler and easier for Americans to navigate. However, as taxpayers begin to grapple with the changes that went into effect this year, it is becoming evident that the new tax code will still be complicated.
One of the key selling points of the new tax code was the doubling of the standard deduction, which was meant to simplify the process for taxpayers who choose not to itemize their deductions. While this change may indeed make things simpler for some taxpayers, it has also led to confusion for others who now have to navigate the various changes to itemized deductions and tax credits.
Additionally, the new tax code has introduced a number of new provisions and limitations that taxpayers must consider when filing their returns. For example, the elimination of personal exemptions and changes to the child tax credit have left many taxpayers unsure of how these changes will impact their bottom line.
Furthermore, the complexity of the new tax code has been exacerbated by the fact that the IRS has had to issue new forms and instructions to accommodate the changes. This has led to delays in the processing of tax returns and increased frustration among taxpayers who are trying to make sense of the new rules.
Overall, while the GOP may have had good intentions in simplifying the tax code, the reality is that the changes have created a whole new set of challenges for taxpayers. As we navigate the first tax season under the new rules, it is clear that the promise of a simpler tax code remains elusive.
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