According to new numbers from the U.S Treasury 90% of wage earners will see higher take-home pay.
The U.S. Treasury and the IRS on Thursday put out new guidance and withholding tables for employers that incorporate changes from the new tax law.
Under those new tables, the Treasury estimates that 90% of people who get a paycheck are likely to see more in take-home pay, as soon as February. Employers will have until Feb. 15 to incorporate the changes in their payroll systems.
I’m not sure how the Democrats are going to spin this one. Trump’s tax plan is going to help the exact people they claimed it wouldn’t. Thanks to the Tax Cuts employers have more money and will hand it down to their employees.