Trump’s Promised Big Tax Cuts Are Expected to Disappoint the Average Worker

Bloomberg President Donald Trump promised Americans big tax refunds next year. Many filers — particularly those who could most use the financial boost — may soon be disappointed. “Your sort of typical W-2 worker with no kids will see very little change year-over-year,” said Adam Michel, director of tax policy studies at the libertarian Cato Institute. He estimates slightly more than half of taxpayers fall into that group. Most Read from Bloomberg That disconnect between Trump’s public promises and the ...